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Silver Spot down 6%!
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Thread: Silver Spot down 6%!

  1. #1
    Join Date
    May 2009
    Posts
    421

    Default Silver Spot down 6%!

    Oh, the horror! The bullion banks win again! Watch the leveraged longs get slaughtered!

    But I'm not selling.

  2. #2
    Join Date
    Dec 2008
    Location
    Zionot, Squashkenazi
    Posts
    11,579

    Default Silver's value remains the same or better than yesterday.

    The almighty US "Dollar" can now buy more bullion!!!!

    Of course this will end up biting the banksters in the ass,
    unless their plan is to appropriate our bullion at these artificially low prices.

    Then I'd say hell no to the federal roach bastards.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  3. #3
    Join Date
    Apr 2009
    Posts
    452

    Default Markets

    Hi yes I was looking at the spot today and its it as I had suspected yesterday. Silver is down it market trends continue silver will come down also. I am buying if it gets lower for the long haul. Good luck

  4. #4
    Join Date
    Dec 2008
    Location
    Zionot, Squashkenazi
    Posts
    11,579

    Default this action is expected by summer analysis

    consolidation phase

    continue to buy it below FRN14 / TO
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  5. #5
    Join Date
    Feb 2009
    Location
    A Fools Paradise
    Posts
    3,349

    Default Psuedo recovery requires inflation

    Buy it cheap while you can. The inflation will be coming to a store near you soon enough and when it does look out!! The future current earning power of this nation has already been mortgaged to the hilt. That said, only way to get the economic engine running again is to cause some serious inflation since without inflation the pseudo growth cycle cannot continue which is essentially a game ender for the banks and the US government which is in bed with them. And so, they will do what ever they can to perpetuate the big lie that is the USD as long as possible. Then they will dream up some new currency which they will at first clame to be as good as if not better than gold and they will perpetuate this new scam until it too is discovered and history will repeat itself again and again and again......................................

  6. #6
    Join Date
    Feb 2009
    Location
    Too Far Out To Get Back
    Posts
    866

    Default It's Easy

    Quote Originally Posted by silverheartbone View Post
    consolidation phase

    continue to buy it below FRN14 / TO

    In other words, consolidate more into your stash.
    “Most of our so-called reasoning consists in finding arguments for going on believing as we already do.”
    - James Harvey Robinson

    "The more we convince others, the more we convince ourselves."
    - The Tongue and Quill

  7. #7
    ccjoe is offline Senior Member Site Admin
    Join Date
    May 2009
    Location
    Orlando
    Posts
    2,962

    Default

    Quote Originally Posted by Katwoman View Post
    Buy it cheap while you can. The inflation will be coming to a store near you soon enough and when it does look out!! The future current earning power of this nation has already been mortgaged to the hilt. That said, only way to get the economic engine running again is to cause some serious inflation since without inflation the pseudo growth cycle cannot continue which is essentially a game ender for the banks and the US government which is in bed with them. And so, they will do what ever they can to perpetuate the big lie that is the USD as long as possible. Then they will dream up some new currency which they will at first clame to be as good as if not better than gold and they will perpetuate this new scam until it too is discovered and history will repeat itself again and again and again......................................
    Kitty---It was amazing to see Peter Schiff show up on fast money tonight at 5:00 EST with people that I've always respected.
    I couldn't believe that they really did NOT understand the basics about debt being unstainable, no productivity, etc> all the basics that we all know.
    I just shook my head and felt bad that they really are going to be shocked come Oct with the crash and not have a clue! Wouldn't you thing they would have learned about the 53 trillion in bad derivatives, the fallacy of "too big to fail" etc. last Oct and all the other stuff we all take for granted. It's astonishing the charade that is being played.
    My sister is an actress and maybe she should audition to be one of the czars in the Obama administration?

  8. #8
    Join Date
    Oct 2008
    Location
    USA
    Posts
    358

    Default

    Great, I wish it was down 10%, 20%, or even 50%. Then I could get more oz. for my paper dollars.

  9. #9
    Join Date
    Feb 2009
    Location
    A Fools Paradise
    Posts
    3,349

    Default

    In a way we should be thankful it has not rallied yet since we may look at $14 as a bargain basement price in a few months!!

  10. #10
    Join Date
    Jun 2008
    Posts
    841

    Default

    DIVE! DIVE!! DIVE!!!! Whoooooot!!!!

    I don't usually play the swings, but last week I sold a "few" oz and bought it back today....

    Go Dollar GO!!!! King dollar baby.... and like the King, it will go down the toilet barfing all the green backs (drugs) that made life so high.

    Are you kidding me?!?! This is so easy... There is no down side, even if it takes a year, five, or more. We all know where things are going... wait for it... wait for it.....
    Silver: Atomic number 47; chemical symbol Ag. Derived from the latin word Argentum, which means "white and shining".

    "When you got metal, all the world is a movie" Argentum, 3/09

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