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Silver goes parabolic. Did something bad just happen?
Ms Sans Serif
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[quote:MaxMad:MV8yMTEwNzE0XzM1NTg0NDE3XzE2RUZEQzBC] [quote:4Evergirl:MV8yMTEwNzE0XzM1NTg0MzU0X0VFQzU1RTMw] [quote:MaxMad:MV8yMTEwNzE0XzM1NTg0MTk4XzQ4NDI4OTc5] [quote:Anonymous Coward 28824257:MV8yMTEwNzE0XzM1NTg0MTc3XzQ2N0VCOTY2] SLV was up 4% at open. Now it's around +2% Plunge Protection Team is on the job! :superman: [/quote] They are losing the fight-as physical silver is now over $5++ over spot... Dealers are begining to no longer even look at spot... LOL!!!! [/quote] Major disconnect due to availability. When people are standing in line (like they are for weapons at gun shows)and the price is wiping out 50, 60, 70, etc...then I think the term "parabolic" maybe more appropriate... [/quote] Very true.... Right now each coin shop I go to has different prices... I havent seen this before.. I did see in 2008 where dealers were charging $7+ over spot which was insane... Now, I think you're right it is purely a supply-demand pricing discovery going on... [/quote]
Usually that is a sign that something big has gone wrong in the financial markets or a world-effecting incident has taken place.
Silvertards we ride!
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