Will Silver Hit 1980-S High Then Crash - Page 5

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Ozzie Valued Member Cyprus 349 Posts	Posted 05/05/2011 07:30 am it appears that the silver price hit about 50 per oz then crashed. Maybe for those long in silver it is merely a buying opportunity........ Report this Post to the Staff
Ozzie Valued Member Cyprus 349 Posts	Posted 05/05/2011 07:33 am below is a chart which gives a clear picture of the silver price action http://www.traderslog.com/quotes-ch...IMfAodZgOJfA Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 05/05/2011 6:30 pm Quote: UNfortunately for them, miners kept producing silver to inject into the market and they ran out of cash before the world ran out of silver. That is what caused the crash when they could not keep buying and folded their cards. Please quit repeating that nonsense. They had plenty of cash/credit. The manipulators created a new rule that only allowed any buyer to purchase so many oz of silver per month, far, far less than they had contracted to buy. What do you suppose would happen to the price of Cadillacs if a dealer who had been selling 50 a month to one buyer could only sell five to a customer, and had already bought that month's 50? Let's say he couldn't floorplan them, and had to pay within 30 days. Instant price drop! Report this Post to the Staff
Maineman750 Pillar of the Community United States 3592 Posts	Posted 05/05/2011 9:37 pm biggfredd, although you are correct...you have quoted and responded to the same thing twice...and then said "Quit repeating" Report this Post to the Staff
Ozzie Valued Member Cyprus 349 Posts	Posted 05/06/2011 06:58 am Looks like the banks who short silver have forces some of the speculators out of the market Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 05/06/2011 08:20 am Quote: you have quoted and responded to the same thing twice...and then said "Quit repeating" Apologies for an essentially double post. Forum software doesn't always work right, and sometimes doesn't show where I read a post/thread, so I end up reading it, and sometimes commenting on it, twice. Report this Post to the Staff
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