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Started By
Message
re: Precious Metals
Posted on 11/9/10 at 10:52 am to bayoudude
Posted on 11/9/10 at 10:52 am to bayoudude
quote:
Kicking myself in the arse for not buying silver at $10/oz about a year and a half ago.
I bought some at like $16 or so. Its done well.
I suspect gold is in a bubble right now as it approaches 1450. Silver is definitely in a bubble.
I think we are going to see a swing to the downside across many asset classes soon....by soon, I mean the next 100 years.
No seriously, we are going to have a mini crisis in the financial sector at some point. And there is a lot of levered investment in gold that will cause a tumble. In 2008, we saw a decent sized tumble in gold.
3
Posted on 11/9/10 at 2:33 pm to Monkey
All those late to the party in Silver got hammered today. I see one more higher high and then a significant pull back.
Posted on 11/9/10 at 3:59 pm to Monkey
quote:Think about what caused this.
In 2008, we saw a decent sized tumble in gold.
Posted on 11/9/10 at 4:40 pm to Monkey
quote:
.by soon, I mean the next 100 years.
At least you stuck your neck out!
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