Hi Ho "SILVER"

[Skol]

Hi Skol.
Thats a bold and brave call.

I know JB will rub my nose endlessly in it if I'm wrong, but where will all that cash go if I'm right?

[winner69]

Phaedrus chart a few pages back made mention of a "NEW PARADIGM"

Here's a paper from a permabear (so it must be a load of ****) who also mentions a NEW PARADIGM .... where commodity prices will continue to rise and rise .... maybe not tomoorow or next week but well into the future

Goodness gracious - aewnowed permabear buying commodities even at todays prices .... strategy being putting a quarter of target in now and if by any chance the prices collapse next week buying heaps and heaps

Must admit got a few gold bars recently .... only hope the wife remembers which pot plants they are in ahe decides to repot them


http://www.gmo.com/websitecontent/JGLetterALL_1Q11.pdf

[Skol]

The high prices and colossal volumes in SLV could be an indication that the end is not far off.

Definition of an economic bubble: "trade in high volumes at prices that are considerably at variance with intrinsic values."

[Skol]

MarketWatch) -- Silver prices fell sharply in early Monday trading in Asia, with the spot price plunging more than 10% in a matter of minutes, according to Kitco data. By 9:30 a.m. Sydney time (7:30 p.m. U.S. Eastern time), spot silver traded at $43.63 an ounce, recovering from below the $43 level earlier in the day. At one point early Monday, the price dove 12% within 11 minutes, according to Dow Jones Newswires, which put the intraday high at $48.15 before a plunge to $42.21. Some reports pointed to low volume, due to holidays in some markets Monday, as exagerating the move, and said the sharp drop pointed to a speculative move against the silver price. On the futures market, silver for July delivery was down 9.6% at $43.965.

[Skol]

if Silver did pull back futher say to the low 40's and some NZ speculators started to dump hundreds of kilo bars on trademe $1 reserve I'd sell 100k worth of shares overnight and start buying..

Off you go, or is it the bull trap?

[CAM]

I couldn't see any $1 reserve bars

[Skol]

I couldn't see any $1 reserve bars

Who's gonna be that stupid?

Maybe $2.

[CAM]

Who's gonna be that stupid?

Maybe $2.

I thought you might be getting rid of your ones

[Skol]

I thought you might be getting rid of your ones

Already gone, top price.

[Skol]

SLV ETF down 9% and First Majestic down 11%.

Where are you JB? Feeling a little shellshocked? I would be too if my 2000 oz hoard started declining at 1%/minute.