As soon as the smart money is repositioned, I could see them opening it back up completely to allow the suckers to come in and recover wall streets losses. I wouldn't touch this thing with a 10 foot pole at this point.
This times 10.
I agree with rambo though... it's going to pop to 400-500 IMO... pretty classic retest of the highs then it goes boom again for good.
And then they'll pile into something else. They say silver but I'll believe it goes to 1000 when I see it. The short interest there dwarfs Gamestop but the shorts also have MUCH deeper pockets and implicit and actual backing of the fed. Could be a nice run up to 40 or 50 though.
BUT... the silver dealers are sold out in the last few days. If people start en masse taking delivery then it won't stop until at least 1000. and yes you read that right. There is no upper limit on how high it will go given the ridiculous amount of shorts on that metal.