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Stocks And Commodities Bombing- Gold Up Silver Down

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Pillar of the Community
junior e's Avatar
United States
931 Posts
 Posted 06/01/2011  2:12 pm Show Profile   Bookmark this topic Add junior e to your friends list Get a Link to this Message Number of Subscribers
What the heck is going on? It looks like everything in the market is getting creamed today. Gold is up $9 and Silver is only down by 55 cents. Anybody got a line on what the bad news is?
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GoThunder's Avatar
United States
830 Posts
 Posted 06/01/2011  2:18 pm  Show Profile   Bookmark this reply Add GoThunder to your friends list Get a Link to this Reply
Very bad jobs numbers this morning. Silver is down some because its use as an industrial metal is expected to decrease if the economy tanks like the jobs numbers point.

Gold has less industrial uses and there is probably a flight to safety factor pushing it up.
Edited by GoThunder
06/01/2011 2:25 pm
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rachums107's Avatar
United States
3345 Posts
 Posted 06/01/2011  2:41 pm  Show Profile   Bookmark this reply Add rachums107 to your friends list Get a Link to this Reply
Weird, I know. I just checked the stats and silver is down while gold is higher than usual, as high as it was back when silver was at $49.
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 06/01/2011  3:48 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Hard to stop gold from climbin these days eh....

Some days I think I should sell all my silver and buy gold with the money, as it seems to increase a hundred bucks every couple or months or so, and always on the way up in the the bigger picture. Then I remind myself it is good I have already established some diversity in both gold an silver. Since early 2000, other than what was it a rise to 1000, and a few hundred drop, before it pushed on to 1500 an oz.....

Glad I got a couple of bars and some gold coins when I did, as I am closing in on an ounce....

I have been thinking real hard about going after ten different dated proofs set 1/10th an oz. Platinum Liberty coins (like 1998 through 2008 or something), after I hit an oz. of gold. Anybody think that might be a good plan?
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junior e's Avatar
United States
931 Posts
 Posted 06/01/2011  3:58 pm  Show Profile   Bookmark this reply Add junior e to your friends list Get a Link to this Reply
You're golden Hawk. I would keep that nice stash of silver you have and butter up those customers a little more and turn that tip money into solid gold. You can do it!
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 06/01/2011  10:13 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Yeah thanks Junior E, I have been dishing out the A+ service this summer so far, lol....

I think it would be cool to have an oz. of platinum, just to have a reason to follow its numbers....

If I could get to 100 oz. of silver form 61 oz. and get to an oz. of gold, and then add a an oz. of platinum on top of that by years end, then I would be pretty happy about my first years acquisitions....

Back on point, ever since silver made that huge 15 dollar drop in just a few days, it seems as if gold and silver have been on a bit of different tracks since then, as gold has recovered most all it lost in the fall, and silver still seems stuck in between 35 an 40 bucks an oz. for now,really doing nothing short of finding serious support around 35 bucks an oz....
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