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main1event
27th October 2008, 00:54
PMs are a bit weak overseas tonight. Futures seem to go south around 1:00 a.m.

So technically speaking we should know within a day or two if Silver is going to have a big rally. If that recent low of 8.66 can hold by Tuesday we should see a fairly sizeable rally. However, if 8.66 is taken out then the next target area will be in the mid 7's. If that happens then the dollar will be heading for USD $90.00

I still believe we have seen the lows but it also doesnt hurt to have a back up plan when bottom fishing.

research24
27th October 2008, 07:31
We are now into a full fledged currency crisis. I suspect central bank intervention to keep gold price low will occur. This will have unintended consequences of mass hoarding. Will this trigger gold confiscation again?

Ugly thought.

skijake
27th October 2008, 09:36
We are now into a full fledged currency crisis. I suspect central bank intervention to keep gold price low will occur. This will have unintended consequences of mass hoarding. Will this trigger gold confiscation again?

Ugly thought.

Hoard early and often! Just like they vote in Chicago, it's fun!:rolleyes: