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Old 04-04-2013, 06:31 PM   #1
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Where are we headed?

Will gold and silver continue to fall? How low will they go?
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Old 04-05-2013, 12:57 AM   #2
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This rundown in silver will probably stop around $26. Will it go lower? Maybe, but not likely before trying to break $32 on the upside first. If silver cannot DECISIVELY break above $32, then $20 silver is very likely, even though it seems impossible to me at the moment.

Gold and silver have been pretty much in tandem for the last several years, so I expect similar action with gold, just different numbers.
If you keep doing what you are doing, You will keep getting what you are getting.
If you don't like what you are getting, You must change what you are doing.

GOLD is the money of KINGS.
SILVER is the money of GENTLEMEN.
BARTER is the money of PEASANTS.
DEBT is the money of SLAVES.
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Old 04-05-2013, 03:14 AM   #3
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I predict wild swings as things unravel.
"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."

H. L. Mencken
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Old 04-05-2013, 07:28 AM   #4
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There is a real possibility that the paper markets will break down (ie. go to zero) while the physical markets seize up (ie. you won't be able to buy at any price). At least for a short period until supply/demand in the physical market asserts a dominant role in price discovery.
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Old 04-13-2013, 12:08 AM   #5
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Volatility is perhaps the second nature of the gold and silver market. Right now the precious metals markets are going through, what analysts call, price correction. It’s a temporary phase. My bet is that the prices will soar up soon as the cracks in monetary policies show up.
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