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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Honey_Bee who wrote (16429)3/26/2011 1:44:28 PM
From: rubbersoul  Respond to of 222227
 
Yes indeed. The precious metals market, especially silver is a tiny market. When reliable sources like Eric Sprott claim that it took 2 months to receive delivery for his new silver fund recently (when it should have at the very most taken 2 weeks), one has to wonder.

China imported a record amount of silver in February. Silver is becoming fashionable now in India as some people are afraid to wear their gold jewelry in public. Also, Japan will need lots of silver and other commodities to rebuild.

People will part with their silver at a higher price eventually and then we'll get a correction.<G>



To: Honey_Bee who wrote (16429)3/26/2011 2:15:40 PM
From: rubbersoul1 Recommendation  Read Replies (1) | Respond to of 222227
 
I just heard that every dollar that went into gold this week, $5 went into silver.

Also, silver backwardation is a reality.

Interesting times for the precious metals...