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To: lookout88

That strategy of mine, of hoping it would go back down to $ 15 on oz doesn’t look so smart now.

:(


17 posted on 11/22/2009 6:25:53 PM PST by Daisyjane69 (Michael Reagan: "Welcome back, Dad, even if you're wearing a dress and bearing children this time)
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To: Daisyjane69

You won’t ever see 15 bucks again. Obama’s got 3 more years.


73 posted on 11/22/2009 6:59:58 PM PST by lookout88 (.combat rescue officer's dad,)
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To: Daisyjane69
Relax. Silver could very easily retreat to 15 an ounce in the next few months. It is a thin market and easily manipulated by traders, many of whom have been short for years. They may drive the price down in order to buy back their shorts, which has happened before.The price would then be more free to seek its market level which is way higher.

IDK what will happen, but waiting for a large correction is a reasonable strategy. It may or may not happen, but that's what risk is all about, right?

124 posted on 11/23/2009 6:43:28 PM PST by hinckley buzzard
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