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Silver Punches thru $20
kitco.com ^
Posted on 07/03/2016 5:17:28 PM PDT by chopperman
And Hong Kong hasn't even opened yet.
TOPICS:
KEYWORDS: bubble; silver; silverbubble; silverbugs; silverfish
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To: chopperman
2
posted on
07/03/2016 5:19:10 PM PDT
by
Jack Hydrazine
(Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
To: chopperman
To: Jack Hydrazine
Because silver is a smaller market, and horribly manipulated it “should” go up faster.
That’s the plan at least.
4
posted on
07/03/2016 5:20:38 PM PDT
by
Vermont Lt
(Ask Bernie supporters two questions: Who is rich. Who decides. In the past, that meant who died.)
To: Jack Hydrazine
I use www.kitco.com. Currently Au is ~1342.00. Ag is ~20.01
5
posted on
07/03/2016 5:24:30 PM PDT
by
TaMoDee
(Go Pack Go! The Pack will be back in 2016!)
To: chopperman
Let it roll!
I know my ideal dump price...it ain't there yet, but when it gets there...I'll unload it all.
6
posted on
07/03/2016 5:27:39 PM PDT
by
OldSmaj
(Voting for Hillary because she is a woman is like eating a turd because it looks like a Baby Ruth.)
To: chopperman
But..., but..., but, like Gold that is only a relic! Put your money in (insert ???)
7
posted on
07/03/2016 5:31:18 PM PDT
by
ExSES
(the "bottom-line")
To: chopperman
But..., but..., but, like Gold that is only a relic! Put your money in (insert ???)
8
posted on
07/03/2016 5:31:19 PM PDT
by
ExSES
(the "bottom-line")
To: chopperman
9
posted on
07/03/2016 5:34:16 PM PDT
by
JPG
(Go Trump!)
To: Vermont Lt
The Hunt brothers come to mind
10
posted on
07/03/2016 5:41:35 PM PDT
by
BenLurkin
(The above is not a statement of fact. It is either satire or opinion. Or both.)
To: chopperman
To: chopperman
The cartel (lead by JP Morgan) is caught in a 180,000 contract short squeeze that started at the Brexit vote. They did not expect the “leave” vote to win. They bet the other way.
Their gold contracts are in a “naked short” position at the COMEX. It gets worse. They also shorted silver.
The cartel appears to be powerless to stop the price rise of either precious metal.
At these numbers, they are bleeding money like a stuck pig. And it gets worse with each passing hour.
They will have to cover their short positions. This means that they will have to buy the PMs at whatever price the market sets.
That will drive the price up even more.
They are NOT happy.
JP Morgen, you choose poorly.
To: chopperman
Got a long way to go up as it is undervalued compared to gold.
13
posted on
07/03/2016 6:12:21 PM PDT
by
Secret Agent Man
(Gone Galt; Not averse to Going Bronson.)
To: TruthInThoughtWordAndDeed
How do you know all this? And, do you have any feeling about how much these guys will be hurt?
14
posted on
07/03/2016 6:14:23 PM PDT
by
lafroste
To: chopperman
15
posted on
07/03/2016 6:14:30 PM PDT
by
dynachrome
(When an empire dies, you are left with vast monuments in front of which peasants squat to defecate)
To: Jack Hydrazine
Gold has just jumped up too, about $10 in a short time. Silver started earlier, but gold jumped more quickly at the Hong Kong open.
16
posted on
07/03/2016 6:31:00 PM PDT
by
Cicero
(Marcus Tullius)
To: TruthInThoughtWordAndDeed
Dude? A contract is a contact. If your nefarious cartel (lead by JP Morgan) made a bad bet, they already know. They are not “bleeding money like a stuck pig.”
17
posted on
07/03/2016 7:02:57 PM PDT
by
1rudeboy
To: OldSmaj
just wondering...
why would you do that? You have that much confidence in our fiat dollar?
18
posted on
07/03/2016 7:11:55 PM PDT
by
jacquej
("You cannot have a conservative government with a liberal culture." (Mark Steyn))
To: lafroste
To: chopperman
NOT orange juice, you idiot...I said to buy silver...SILVER!!
20
posted on
07/03/2016 7:53:07 PM PDT
by
JPG
(Go Trump!)
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