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 Replies: 60 / Views: 6,215 |
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Valued Member
United States
74 Posts |
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Pillar of the Community
United States
5862 Posts |
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Valued Member
344 Posts |
i predict in the next hour between 4-5am pacific it will rise another 75 cents.
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Pillar of the Community
United States
5862 Posts |
Watching the chart right now is like looking at the E.K.G. of somebody having a heart attack:  Every few seconds it swings way up and then crashes back down... |
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Pillar of the Community
United States
5862 Posts |
Oops, looks like the patient may have just died...  Anybody know CPR? |
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Pillar of the Community
United States
5862 Posts |
Man, this is ridiculous. I couldn't believe it when silver went up $1.50 yesterday, but it has dropped almost $2.50 in just a couple of hours. What's going on?
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Valued Member
United States
404 Posts |
Yay silver broke the $36 barrier again...in the direction I want!   Edited by akane17
02/29/2012 11:57 am
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Pillar of the Community
United States
3670 Posts |
Rises $2.50, drops a $1.50 more, what the heck is going on? I can't believe people are rushing to take profits just over 37, something fishy is going on eh perhaps....
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Pillar of the Community
United States
3670 Posts |
I am with Akane17, as it was moving WAY to fast up, and I need more time to add more, PERIOD....
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Pillar of the Community
United States
2168 Posts |
When I started reading this thread it was just over 35/oz Gold way down from yesterday as well. Can't figure the reason for the spike/drop! The head of the F... Talking-the one that said Gold wasn't $
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Pillar of the Community
United States
5862 Posts |
And it's still dropping!
Hmmmm... If it makes it back down to $26, I might have to buy some more bags of junk silver. Assuming, of course, I can find some for sale without an enormous premium to make up for lost profits...
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Pillar of the Community
United States
2168 Posts |
It is really crazy! No reason for yesterday that I can think of
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Pillar of the Community
United States
2764 Posts |
Here's something interesting "silver sinking nearly 7% after a rally a day earlier. The reversal "is pure technical selling on expectations silver will be unable to hold its gains above $35, but we caution that silver's move through $35 was quite strong, suggesting the rally should hold," said Global Hunter Securities' Hastings.", from the second page of this article: http://www.marketwatch.com/story/go...pagenumber=2 |
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Valued Member
Canada
464 Posts |
The drop in silver was due to Ben Bernanke's comments that the U.S. would not engage in another round of quantitative easing (printing more money). The price of gold and silver tanked as he was speaking, based on what I'm reading. Gold lost $100 today.
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Pillar of the Community
United States
3670 Posts |
"The drop in silver was due to Ben Bernanke's comments that the U.S. would not engage in another round of quantitative easing (printing more money). The price of gold and silver tanked as he was speaking, based on what I'm reading. Gold lost $100 today."
The initial jolt may have been a big push back, but as the days go forward now, I think G & S are gonna climb even stronger now thanks to that announcement....
Via bad in the short but much good news for Pm's in the long run.....
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Replies: 60 / Views: 6,215 |
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Posted 02/29/2012 06:52 am
