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Silvertards Rejoice -- Things May Get Moving Again!!!

 
Jane SmithModerator
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10/19/2011 08:24 PM

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Silvertards Rejoice -- Things May Get Moving Again!!!
[link to www.bloomberg.com]

Silver, the best-performing and most-volatile precious metal of the past year, may rebound from a bear market as investors bet on growth in developing nations and an extended European debt crisis.

The metal may average $38 an ounce this quarter and rise to a record $42 by the final three months of 2012, compared with $31.245 at 7:48 a.m. in Singapore today, according to the median in a Bloomberg survey of 11 analysts. The gains will mean record profit for producers Pan American Silver Corp. (PAA) and Fresnillo Plc (FRES), analyst estimates compiled by Bloomberg show.

China, the biggest emerging-market user, is expanding at more than five times the speed of the U.S., driving consumption of the precious metal most used in industry. Demand is also coming from investors looking for an alternative to cash and gold, which costs about 50 times more than silver. The 30-week correlation coefficient between the two metals is now at 0.82, from as low as 0.47 in 2005, data compiled by Bloomberg show, with a figure of 1 meaning the two move in lockstep.



Will be nice to see a new upswing. We have been in a range for a while, but that is good -- consolidation & wash out of weak hands. When we move up it will not just be on froth & dreams.
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
Jane SmithModerator (OP)
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10/19/2011 08:26 PM

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Re: Silvertards Rejoice -- Things May Get Moving Again!!!
If there is anothoer emotional downtick, I plan to add to my position. The $27 per ounce a few weeks ago was a sweet deal.
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
gebahie

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10/19/2011 08:28 PM

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Re: Silvertards Rejoice -- Things May Get Moving Again!!!
I stack every week no matter the price...
Revbo™

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10/19/2011 08:33 PM
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Re: Silvertards Rejoice -- Things May Get Moving Again!!!
seal
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Jane SmithModerator (OP)
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10/19/2011 08:34 PM

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Re: Silvertards Rejoice -- Things May Get Moving Again!!!
I stack every week no matter the price...
 Quoting: gebahie


Cost averaging in. Always a good strategy. I do not always make a weekly purchase but my average so far is aboy $17.

Not bad.
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
DonHeau

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10/19/2011 08:36 PM
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Re: Silvertards Rejoice -- Things May Get Moving Again!!!
Takedowns in PM's as the 'good guys' use it against the 'bad guys'. (They never saw it coming in this fashion.) It's so twisted.

Hold on to physical, and avoid leverage.
We opened doors by thinking.
Jane SmithModerator (OP)
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10/19/2011 08:38 PM

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Re: Silvertards Rejoice -- Things May Get Moving Again!!!
Takedowns in PM's as the 'good guys' use it against the 'bad guys'. (They never saw it coming in this fashion.) It's so twisted.

Hold on to physical, and avoid leverage.
 Quoting: DonHeau


I will toast to that!
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
Anonymous Coward
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10/19/2011 08:38 PM
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Re: Silvertards Rejoice -- Things May Get Moving Again!!!
I stack every week no matter the price...
 Quoting: gebahie


Bullseye
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10/19/2011 08:39 PM
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Re: Silvertards Rejoice -- Things May Get Moving Again!!!
How is 42$ a record........it was nearly 50$ not long ago........

bloomberg is way down the scale of silver advisors
Jane SmithModerator (OP)
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10/19/2011 08:44 PM

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Re: Silvertards Rejoice -- Things May Get Moving Again!!!
How is 42$ a record........it was nearly 50$ not long ago........

bloomberg is way down the scale of silver advisors
 Quoting: Anonymous Coward 3442874


I think they are referring to an average price at that time, not necessarily referencing a daily high. It is worded vaguely.
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
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10/19/2011 08:59 PM
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Re: Silvertards Rejoice -- Things May Get Moving Again!!!
CFTC imposes Position Limits and ends phony exemptions/gold and silver rebound from a massive raid

Chilton's lost trust in COMEX to prevent silver and gold manipulation
In order to prevent market manipulation through concentrated position limits, the CFTC have finally voted 3-2 today to bring in position limits at 10% for markets up to 25,000 plus for larger markets with exemptions;
[link to www.bloomberg.com]

Bart Chilton had said in an earlier interview that concentrations have caused manipulation in 'some' markets and that position limits should be lower in precious metals markets. Such is his level of concern regarding the abuse of all important exemptions and the COMEX operators track record in preventing manipulation, he stated that rather being approved by the CME COMEX exchange the exemptions should rather be approved by the CFTC on a day by day basis.

[link to harveyorgan.blogspot.com]


In short...silver and gold are about to take off.

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