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 Replies: 12 / Views: 2,072 |
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Pillar of the Community
United States
3640 Posts |
Imagine that, those old junk dimes, quarters, and halfs
worth 20 times their face value now in silver.
Near $28.00 an oz. spot.
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Pillar of the Community
United States
3592 Posts |
Makes it hard to call them "junk"...no matter what they look like.
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Moderator
 United States
188770 Posts |
Exactly! Nothing too "junky" about 20x face.  |
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Valued Member
United States
463 Posts |
thats good when your selling your extras to get better pieces
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Valued Member
United States
66 Posts |
It's a wonderful thing to see silver climbing it is long overdue and still quite undervalued in my opine
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Pillar of the Community
United States
2734 Posts |
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Pillar of the Community
 United States
2448 Posts |
I know! Can't figure it today; jumped $.93 and the $ strengthened.
(edited for spelling by carmykle)
Edited by carmykle
11/09/2010 11:39 am
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Pillar of the Community
United States
3294 Posts |
People probably know the dollar strengthened today, but expect it to weaken when the government institutes QE3, QE4, QE5...
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Pillar of the Community
United States
2120 Posts |
More than 20x now with the dollar jump in silver over night.
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Valued Member
75 Posts |
Man that jump did not last long, did someone find a new silver mine, not sure how they come up with silver price but I think at one point today it was above $29.00 at monex, what do those prices mean anyhow? Open/High/Low is it determined by the stock market?
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Pillar of the Community
United States
2120 Posts |
yea, that was quite the swing. lol
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Valued Member
United States
439 Posts |
I posted this somewhere else, but the CME raised the margin requirements for buying silver contracts. From 500 to 6500 ir so. THat will make it more expensive to buy silver. I think it goes down from here. The dollar has strengthened a bit too, but we have to see how that ends.
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Pillar of the Community
United States
3283 Posts |
Monkeyman, Can you explain to me what that means? (raising the margin requirement)
Are they just saying you must but the contracts in higher volume now? And if so wouldn't that just increase the number of contracts or would it remove a lot of the street buyers thus lowering demand?
thank you - steve
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Replies: 12 / Views: 2,072 |
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Posted 11/08/2010 4:29 pm
