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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (26892)2/5/2010 3:20:22 PM
From: maceng23 Recommendations  Read Replies (2) | Respond to of 71475
 
The move in silver today has been brutal, even by silver standards. Very August 2008.

Even so, though I'm standing back from it now, $13.3 looks like a attractive buy point.

It really depends on the broader market, if that starts to cave in bad, who knows where we go. That is where I am going to look at things bottom line. The technicals are influential if the market is "normal" imo -g-.

Silver futures plummeted to their lowest level since August, 2009, down 55 cents, or nearly 3.52%, at $14.81.

axcessnews.com

Through it all though, I don't expect to hear that gold "is at the mercy of the dollar" in the news six months from now, rather the contrary -g-

and silver will follow gold back up.