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 Replies: 20 / Views: 2,459 |
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Valued Member
Canada
491 Posts |
@swrbxxx I agree with the $1800 au target, after that a cons period with a slight downward trend. USD/CAD was not what I was expecting and do see in the future a reversal of that move. Last time .96 was hit BOC did some market moves and reversed the trend. Any lower than that and we would see Major problems, personally I would like to see a lower CAD to support my Au holdings.
Sounds like $85 billion a month or a Trillion a year in QE possibly until 2014 when rates are projected to rise.
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Pillar of the Community
 United States
5862 Posts |
Heck -- it looks like gold might hit $1800 today. I'm gonna go out on a limb and predict $1900 for later this month...
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Pillar of the Community
United States
1590 Posts |
They say they will do this till they see an huge uptrend in inflation...but exclude food and energy from the equation. With more people spending what little money they have on higher food and oil prices then of course "inflation" will not occur...because no one is buying...toasters and tvs.
Wow, just wow......lol...I surrender! Ok, $45 silver by year end and $2000 gold. What the heck.....though as a dealer it will probably drive me out of business. NO ONE is selling right now...and hasn't been since late winter. I get dribs and drabs..but no one is bringing in large amounts of silver. Which means if I do purchase my selling price has to increase. And if we get a sudden price reversal then I am at a loss. So I think this is it for me as a bullion buyer.
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Pillar of the Community
United States
3670 Posts |
That is what I call a "A sucker's false pullback", the actions of the market the last two days before all the wise powers that be who knew this transaction was going down....
Probably gave them all one last chance to buy huge paper stocks at a lower price right before the big jump....
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Pillar of the Community
United States
2120 Posts |
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They say they will do this till they see an huge uptrend in inflation Right, but it depends on how you compute inflation of course. |
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Pillar of the Community
United States
2120 Posts |
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Probably gave them all one last chance to buy huge paper stocks at a lower price right before the big jump.... Insider trading is only illegal if you get caught. |
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Pillar of the Community
Mexico
1304 Posts |
Man, that's crazy. I was about to post a similar thread, but knew someone had to have beat me to it. I checked the silver price in pesos and it's actually DOWN about 1.2%. Guess it is time to check the dollar index!
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Valued Member
United States
264 Posts |
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Pillar of the Community
Canada
4944 Posts |
Silver is at $34.65 right now.
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Valued Member
United States
397 Posts |
I just put in an order for an ASE, saw the price spike in silver 15 minutes later, and thought "Hey! Look what I did!".  Edited by MadMortician
09/13/2012 4:16 pm
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Bedrock of the Community
United States
10982 Posts |
$34.70 for now. $40 by the end of the year looks very likely.
If The Fed continues to dump $40 billion/month into the kitty every month for the next 12 months? We'll see $50 next year.
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Valued Member
United States
141 Posts |
I am on the ride for good, not gonna sell on these spikes.
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Pillar of the Community
United States
4008 Posts |
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Wow. Didn't think they'd actually pull the pin on that grenade anytime soon. That was my 1st thought too, Barry, yet the more I thought about this being just the wrong move at just the wrong time, it suddenly made sense to me that they would do it.  I also can't believe all the Fed Kool-aid drinkers in the press these days. Our local rag is filled with all sorts of comments about this being a "bold", "decisive", or "aggressive" move on the part of the Fed. WHAT? This is nothing but money printing that will make all of the dollars that any of us have saved worth LESS than they were 2 days ago! Uncle Ben just put his hand into our retirement funds and scooped up some of the buying power that many of us have worked so long and so hard to accumulate. Well, gee... thanks. Next time I need something similar I will just go sit on a sharp stick.  |
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Valued Member
United States
117 Posts |
I guess it's time to hurry up and fine a cheap home. It's so hard to save up for a home, and also be in the PM game. LOL. So doesn't work out, since I tend to spend more then I want, each time I go to a convention or a nice shop or a great deal anywhere. The way I see it, they're trying to recover the old home prices by destroying the US dollar value. It makes sense to me, in my non-experienced simple mind. But at this point, I've decided to work on the home a bit harder, since what's the point, if my  place gets robs tomorrow. It's really not where I want to be, when SHTF, stupid Los Angeles. You might think your safe, but if you remember the LA riots, think of that, but everywhere. Someone want to donated an empty military silo or bunker? haha. |
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Pillar of the Community
United States
4008 Posts |
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Someone want to donated an empty military silo or bunker? haha. The way that things are going today, those just might be the only real estate items that are still in high demand! |
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Replies: 20 / Views: 2,459 |
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First Page
Posted 09/13/2012 1:30 pm
