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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (80327)9/26/2011 2:42:40 AM
From: 2MAR$1 Recommendation  Read Replies (1) | Respond to of 217755
 
Au edit $1533 low and the bounce to $1550 ...Silver just really got clobbered to $26 and one floor is there or at $25 . Jim Rogers TLT & Dollar trade working perfectly for him, would give a penny for his thoughts right now <bg

This fall in the PM's sure trying mimic the precurser to 2008 , one trades them but never marries them,
CME hiked margins again , gold by 21%, silver by 16% and copper by 18%.




To: TobagoJack who wrote (80327)9/27/2011 5:20:20 AM
From: Maurice Winn1 Recommendation  Read Replies (1) | Respond to of 217755
 
TJ, your thinking is US$ vs Gold [with New Sovereign, silver, platinum, euro, Hong Kong real estate blah blah blah on the side]. There is more possible than US$ and Gold on a see-saw in a zero sum game. They could both settle down to ground level. At present, both are inflated in their self-importance because people have mistakenly given BOTH of them undue credence as having true rights as the world's reserve currency.

It's not a matter of whether the US$ or Gold people are right. Both are wrong.

I wonder if I can find the video of two bull seals fighting each other on the sea shore. One turns to run. The other thinks it is a victory. But appearing from nowhere a monster killer whale grabbed the "victor" and converted him to dinner. The other had seen the killer whale coming and was running from that.

You might be the "winning" gold seal but if the US$ seal gets away from the killer whale, it's a win for the US$.

Or, maybe there will be a couple of killer whales get both. Killer whales are smart enough to team up.

Mqurice



To: TobagoJack who wrote (80327)9/27/2011 6:55:20 AM
From: 2MAR$  Read Replies (1) | Respond to of 217755
 
Silver Soars 26% In 26 Hours

Submitted by Tyler Durden on 09/27/2011 06:05 -0400

It appears rumors (there's that word again) of precious metals' demise have been greatly exaggerated yet again. After hitting a low of $26/ounce just shortly after 24 hours ago, the metal has since soared by a whopping 26% to $32.90 (thank you CME and Shanghai Gold Exchange). That's $6.90 in one day. The same with gold. It seems that the market has finally had its brain kicked in a little following the realization that an expansion in the EFSF from E440 billion to E3 trillion (which has about 0.01% probability of happening, and would likely see the mobilization of a certain army first) would mean an exponential decline in the credibility of that "other" currency, which while potentially retaining its value against the "first" currency, will have been devalued that much more against the real, undilutable currency. We expect the market to comprehend that Goldman, for once, was spot on in its evaluation that anyone who bought yesterday at the lows, will have already made their full year unlevered return in one short day.

Silver:



and Gold: