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WTF??? Why is SILVER tanking????

 
Always Looking
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User ID: 814501
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08/09/2011 08:27 AM

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WTF??? Why is SILVER tanking????
wtf
Limpan

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08/09/2011 08:28 AM

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Re: WTF??? Why is SILVER tanking????
QE3 on the way!!
Always Looking (OP)

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08/09/2011 08:30 AM

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Re: WTF??? Why is SILVER tanking????
QE3 on the way!!
 Quoting: Limpan


Then that should means silver should sky rocket. I knew I should have bought gold!!!!

Last Edited by Always Looking on 08/09/2011 08:30 AM
Anonymous Coward
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08/09/2011 08:34 AM
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Re: WTF??? Why is SILVER tanking????
And when it goes up again you'll be saying hahahaha look assholes my silver is going up.
Then when it goes down again you'll be crying again.
You do understand this is a mental condition right? 1rof1
Anonymous Coward
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08/09/2011 08:37 AM
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Re: WTF??? Why is SILVER tanking????
Because SLV is paper. It is a stock, purportedly a fractional commodity.

The paper price and the intrinsic/real price are two different things.

Once the metal decouples from the stock that is.
Always Looking (OP)

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08/09/2011 08:38 AM

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Re: WTF??? Why is SILVER tanking????
And when it goes up again you'll be saying hahahaha look assholes my silver is going up.
Then when it goes down again you'll be crying again.
You do understand this is a mental condition right? 1rof1
 Quoting: Anonymous Coward 1198503


No, it is a market fact or it used to be anyway, that when you print more fiat crap meatls will go up in value.
Anonymous Coward
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Australia
08/09/2011 08:39 AM
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Re: WTF??? Why is SILVER tanking????
because silver isnt worth anything anymore. People only respect gold.

You lost big time.
sunroomking

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08/09/2011 08:48 AM

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Re: WTF??? Why is SILVER tanking????
wtf
 Quoting: Always Looking


Go watch the Silver bears part 7 at zerohedge.com
I think this is a final shaking out of the weak hands.
Hold on to your physical, and if you don't have the
stomach for the volatility don't watch and quick checking.

Gold always performs better in a perceived crisis because
people run to perceived safety. Silver is still also an
industrial metal thus more of a commodity, so it is more
volatile. Typically Silver will follow once gold's price becomes more out of reach.

Just chill.....
Buy Gold Buy Silver Buy Ammo have Faith. I carry a gun because it is my 2nd ammendment right, and a cop is too heavy.

No good deed goes unpunished
Anonymous Coward
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08/09/2011 08:48 AM
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Re: WTF??? Why is SILVER tanking????
I'm happy that silver didn't skyrocket! This gives more time for more people to be able to buy some of it. It will never be cheaper for the foreseeable future. The price historically follows the upward trend with gold.

It's possible that gold will come down to $1600 again.
.
Always Looking (OP)

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08/09/2011 12:45 PM

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Re: WTF??? Why is SILVER tanking????
wtf
 Quoting: Always Looking


Go watch the Silver bears part 7 at zerohedge.com
I think this is a final shaking out of the weak hands.
Hold on to your physical, and if you don't have the
stomach for the volatility don't watch and quick checking.

Gold always performs better in a perceived crisis because
people run to perceived safety. Silver is still also an
industrial metal thus more of a commodity, so it is more
volatile. Typically Silver will follow once gold's price becomes more out of reach.

Just chill.....
 Quoting: sunroomking


Thanks for the info. I will hold.
Anonymous Coward
User ID: 1488131
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08/09/2011 12:48 PM
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Re: WTF??? Why is SILVER tanking????
I was feeling the same way yesterday. Check thread: Thread: Who bought Silver instead of Gold?... **Official I fucked up thread**.
Anonymous Coward
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08/09/2011 12:54 PM
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Re: WTF??? Why is SILVER tanking????
Silver is too cheap for the big dogs. Their vaults are simply not large enough to hold the physical.

However, platinum is rising...a lot.

Remember what happened to Ted Binion. He had so much physical silver on hand, it just wasn't practical for him to store it all.

He resorted to basically burying it out in the Nevada desert.

Cost him his life in the end.
AuthorAuthor

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08/09/2011 05:15 PM
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Re: WTF??? Why is SILVER tanking????
wtf
 Quoting: Always Looking


Your answer is right here:


Seymour Brenner's, MD, FACR, opinion regarding Dr. Emanuel Revici: "As a Diplomate of Radiology, I have reviewed many cases of incurable cancer that Revici has cured."
Anonymous Coward
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08/09/2011 05:17 PM
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Re: WTF??? Why is SILVER tanking????
wtf
 Quoting: Always Looking


Go watch the Silver bears part 7 at zerohedge.com
I think this is a final shaking out of the weak hands.
Hold on to your physical, and if you don't have the
stomach for the volatility don't watch and quick checking.

Gold always performs better in a perceived crisis because
people run to perceived safety. Silver is still also an
industrial metal thus more of a commodity, so it is more
volatile. Typically Silver will follow once gold's price becomes more out of reach.

Just chill.....
 Quoting: sunroomking

buy some more if you can and chill is right.

banana2
Anonymous Coward
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08/09/2011 05:17 PM
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Re: WTF??? Why is SILVER tanking????
FED said no interest raise for next 2 years
gebahie

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08/09/2011 07:29 PM
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Re: WTF??? Why is SILVER tanking????
AuthorAuthor

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08/09/2011 08:26 PM
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Re: WTF??? Why is SILVER tanking????

 Quoting: gebahie


Yeah, the four recent margin raises were put in place to help JP maintain its dominance.
Seymour Brenner's, MD, FACR, opinion regarding Dr. Emanuel Revici: "As a Diplomate of Radiology, I have reviewed many cases of incurable cancer that Revici has cured."
Anonymous Coward
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08/09/2011 08:29 PM
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Re: WTF??? Why is SILVER tanking????
QE3 on the way!!
 Quoting: Limpan


Then that should means silver should sky rocket. I knew I should have bought gold!!!!
 Quoting: Always Looking


Investment advisor David Morgan said silver could go down to 5 dallors a ounce
Carol B.

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08/09/2011 08:34 PM

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Re: WTF??? Why is SILVER tanking????
QE3 on the way!!
 Quoting: Limpan


Then that should means silver should sky rocket. I knew I should have bought gold!!!!
 Quoting: Always Looking


Investment advisor David Morgan said silver could go down to 5 dallors a ounce
 Quoting: Anonymous Coward 1498526


Oh really? In what year?
Anonymous Coward
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08/09/2011 08:38 PM
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Re: WTF??? Why is SILVER tanking????
Consider it a buying opportunity.
Anonymous Coward
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08/09/2011 08:45 PM
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Re: WTF??? Why is SILVER tanking????
Buy LOW sell high!
Anonymous Coward
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08/09/2011 08:55 PM
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Re: WTF??? Why is SILVER tanking????
They think that they are going to bribe the Anunnaki with gold.
Always Looking (OP)

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08/09/2011 08:59 PM

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Re: WTF??? Why is SILVER tanking????
Silver up 74 cents now!!! Thats what I like to see!!
BOWMAN

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08/09/2011 09:02 PM
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Re: WTF??? Why is SILVER tanking????
Silver up 74 cents now!!! Thats what I like to see!!
 Quoting: Always Looking


Swing batter batter!


------
"And I understood that in an age where there was so much ego, because of the camera, that it was very important to look for that kind of player, ... I began to look for the kind of player that doesn't need his ego fed by stardom, but will do what he's supposed to do because he knows the game and loves the game, and will do the job the right way even if someone else gets the glory." ~ Bill Belichick





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Anonymous Coward
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Canada
08/09/2011 09:08 PM
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Re: WTF??? Why is SILVER tanking????
Because SLV is paper. It is a stock, purportedly a fractional commodity.

The paper price and the intrinsic/real price are two different things.

Once the metal decouples from the stock that is.
 Quoting: Anonymous Coward 1496838


Oh not this shit yet again. The spot price IS the physical price you fucking numb-nuts. I just checked one of my usual online sellers and they're selling Eagles and Maples for just about $2.00 over spot, which is the usual premium for one-ounce quantities.

A 100oz bar is 3950... so this "oh that's just the paper price" argument is, as always:

bsflag

Just like the "well, according to the historical gold to silver ratio the price SHOULD be..." mantra that the silvertards cling too.
Not of this World

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08/09/2011 09:14 PM
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Re: WTF??? Why is SILVER tanking????
QE3 on the way!!
 Quoting: Limpan


Then that should means silver should sky rocket. I knew I should have bought gold!!!!
 Quoting: Always Looking


Investment advisor David Morgan said silver could go down to 5 dallors a ounce
 Quoting: Anonymous Coward 1498526




$5 would be nice. But, Morgan often misses the "big picture" So.. Im going to say NO WAY!

He is not a Silver Doctor :)
Then Jesus said to them, "Most assuredly, I say to you, unless you eat the flesh of the Son of Man and drink His blood, you have no life in you. Whoever eats My flesh and drinks My blood has eternal life, and I will raise him up at the last day. For My flesh is food indeed, and My blood is drink indeed." John 6:27-58

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Anonymous Coward
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08/09/2011 09:15 PM
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Re: WTF??? Why is SILVER tanking????
QE3 on the way!!
 Quoting: Limpan


Then that should means silver should sky rocket. I knew I should have bought gold!!!!
 Quoting: Always Looking


Investment advisor David Morgan said silver could go down to 5 dallors a ounce
 Quoting: Anonymous Coward 1498526


Oh really? In what year?
 Quoting: Carol B.


Well, judging by how quickly it tanked back down to the mid- single digits after the 1980 high of $50 I'd say... 2014?

Look, once all this shit blows over fools that bought in at these high levels are gonna be crying in their beer. Hopefully they will have dry powder to continue buying and average down for the long haul so that they'll recoup their money in their old age LoL.

It's one thing to have a silver position as part of a diversified portfolio (I do. Physical. All bought down well under $20), but to take an overweight position at these levels based on panic with the assumption that "it's all gonna collapse" is a very, very idiotic thing to be doing.
Anonymous Coward
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08/09/2011 09:49 PM
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Re: WTF??? Why is SILVER tanking????
QE3 on the way!!
 Quoting: Limpan


Then that should means silver should sky rocket. I knew I should have bought gold!!!!
 Quoting: Always Looking


Investment advisor David Morgan said silver could go down to 5 dallors a ounce
 Quoting: Anonymous Coward 1498526




$5 would be nice. But, Morgan often misses the "big picture" So.. Im going to say NO WAY!

He is not a Silver Doctor :)
 Quoting: Not of this World


I know ,that be like almost giving it away .you have to go back to the year 2001 before infation ,and 10 years ago ,to see that price ,and things have changed alot since then,but it wouldnt surprise me that the big boys might hammer it down with fake paper silver to 30 dallors ,are even in the mid 20 range ,then they buy it all up fast
Anonymous Coward
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08/09/2011 10:11 PM
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Re: WTF??? Why is SILVER tanking????
Silver is almost $38. Way too high for average Joe.

If it gets down to $20/ounce again, I will buy and tell family/friends to buy.

Hey, we are not going to make any money in the bank until at least after 2013, so we could buy silver and hold onto it.

But, it's too high at $38 to buy.

Just saying...
me
User ID: 1500309
United States
08/10/2011 12:45 AM
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Re: WTF??? Why is SILVER tanking????
Because SLV is paper. It is a stock, purportedly a fractional commodity.

The paper price and the intrinsic/real price are two different things.

Once the metal decouples from the stock that is.
 Quoting: Anonymous Coward 1496838


Oh not this shit yet again. The spot price IS the physical price you fucking numb-nuts. I just checked one of my usual online sellers and they're selling Eagles and Maples for just about $2.00 over spot, which is the usual premium for one-ounce quantities.
 Quoting: Anonymous Coward 1136686


1.
A. take a pen and paper.
B. write "one million ounces of silver" on it.
C. you now 'own' one million ounces of 'paper silver', that is worth NOTHING.
happy now, numb-nuts ??
see the difference ??

2.
why do people pick up empty beer cans ?
why do people steal the wires and pipes out of other people's houses ?

metal is ALWAYS worth money because of the high costs involved to produce it, and because metal CANNOT BE PRINTED.
me
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08/10/2011 12:47 AM
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Re: WTF??? Why is SILVER tanking????
Silver is almost $38. Way too high for average Joe.

If it gets down to $20/ounce again, I will buy and tell family/friends to buy.

Hey, we are not going to make any money in the bank until at least after 2013, so we could buy silver and hold onto it.

But, it's too high at $38 to buy.
 Quoting: Anonymous Coward 1438570


GOLD Way too high for average Joe.

if Silver goes back to $50,
$38 will look cheap.

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