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Strategies & Market Trends : Ride the Tiger with CD
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To: Proud Deplorable who wrote (142613)1/19/2009 9:21:03 PM
From: jealous_monk  Read Replies (2) of 313072
 
>One silver bar cannot lose 90% like most of this drill play crap<

I would agree with this statement, although there is, in my mind, a potential speed bump on the silver highway and it could be quite significant.

The British banks had a rather rough day today, especially the Royal Bank of Scotland.

Barclays (another British bank) says they are going to have better-than-expected earnings. We'll see.

Barclays runs the silver ETF SLV.

If, and I repeat if, they manage to be taken over by the British government, would the ETF be shut down and the silver sold into the market? We know the history of gold sales from the Brits. Should we expect differently concerning silver?

I've sold all of my silver stocks today.

Ya, i know hope and a few bucks will get you a coffee at starbucks, but I hope I'm wrong.
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