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Silver Says Goodbye To $45

Posted on 4/20/11 at 10:35 am
Posted by RasinCane
Member since Mar 2011
147 posts
Posted on 4/20/11 at 10:35 am
Thanks to Tyler Durden for keeping track of the silver for us. A hat tip to Ben and Timmy for making me some dough and a hat tip to Zero Hedge:
"From $44 to $45 in 13 hours. At this rate $46 in 6.5 hours. Thank you Chairsatan Benzebub."
LINK

Everyone is making money on silver, right?



Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 4/20/11 at 10:38 am to
you try to hard...seriously
Posted by Tim
Texas
Member since Jan 2005
7101 posts
Posted on 4/20/11 at 10:41 am to
with the dollar worthless, gold/silver should continue to rise
Posted by RasinCane
Member since Mar 2011
147 posts
Posted on 4/20/11 at 10:54 am to
Right you are Tim. I am posting an essay by John P Hussman that outlines the choices of the Fed going forward; especially interesting is what will happen when the Fed attempts to hike rates by a tiny .25%. Doc Fenton should also not miss reading Hussman's essay, since Doc has told us that velocity of money doesn't matter (a real laugher). Doc, and everyone else, is about to get a lesson in what happens when the Fed hikes rates without first reducing their balance sheet by an enormous amount. The big hit is front loaded.
This post was edited on 4/20/11 at 11:01 am
Posted by dexy82
Madison, WI
Member since Sep 2004
2062 posts
Posted on 4/20/11 at 11:08 am to
quote:

Everyone is making money on silver, right?
I am.

I started at the end of november when silver was around 28 spot. I've bought close to 200 oz since and a few gold coins. Wish I could've bought more, but am not sad

Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/20/11 at 11:20 am to
Please don't disrespect Hussman by posting anything of his via your name. eta: I see that I am too late.
This post was edited on 4/20/11 at 11:21 am
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/20/11 at 11:23 am to
quote:

Doc has told us that velocity of money doesn't matter


Seriously you are the Anti-Fed equivalant of Scoop. You literally make shite up to fabricate arguments, but honestly I think you both believe the shite you make up actually exists. Its a level of density only rivaled by Osmium.
Posted by goodgrin
Atlanta, GA
Member since Nov 2003
6786 posts
Posted on 4/20/11 at 11:40 am to
quote:

Everyone is making money on silver, right?


Yeah, I guess I could say that.

I was looking at my receipts for silver purchases from 2005, 2006, 2007, 2008, 2009, 2010....

One receipt was for a monster box of 500oz. in 2010 for $17.53 per ounce?

Just one thing to say... silver, bitchez!!!
Posted by RollTide4Ever
Nashville
Member since Nov 2006
19621 posts
Posted on 4/20/11 at 11:44 am to
Posted by goodgrin
Atlanta, GA
Member since Nov 2003
6786 posts
Posted on 4/20/11 at 1:16 pm to
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