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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?


To: brian krause who wrote (4069)12/19/2001 7:02:24 PM
From: TheBusDriver  Respond to of 8010
 
Mannipulation! no other way. POS was getting out of control and the CB's or Gov't needed to slow things down and show who is boss. I'm not superised at all. Look at when NY opened the previous 3 days. If dropped every opening if memory serves. But it came back. This time they made sure. BUT if there is enough interest now, it just might be too late!<grin>

WAyne



To: brian krause who wrote (4069)12/19/2001 7:05:34 PM
From: Canuck Dave  Read Replies (2) | Respond to of 8010
 
I had somewhat the same reaction, but I'm not as worried.

Look at the silver stocks. They held up quite well. There is something going on behind the scenes and it may come more into focus as soon as this month's delivery day.

Given the amount of secrecy and manipulation in this market, we just have to go with the hard information we can get. Here's what I'm basing my long term faith on.

1. Inflation adjusted, silver prices have almost never been lower (maybe the 20's).

2. (Consumption-production)/supply=X months until CRUNCH.

3. 21% money growth -3% GDP growth = inflation.

4. 3% inflation -1.75% money = Trouble.

CD



To: brian krause who wrote (4069)12/19/2001 9:07:24 PM
From: long-gone  Read Replies (1) | Respond to of 8010
 
<<Can't figure how todays slide makes any sense. >>

OK, back at ground zero. The US dollar is the reserve currency of the world, meaning every other currency & every commodity is priced in terms of US dollars. Today The US dollar recovered some power back to the .895 Vs. EU range(from .905-.909) at the same time Japan area of Asia understood the end of the world isn't nearing as a result of their (bad but far from final) 7.3 quake of the prior day. See my (near immediate) post on the GPM thread concerning the quake.