Silver at 48.42 already?! Gold at 1515.52?!

I said some thread ago that "PM, copper, and rare earths have been very very good to me", and looks like PM may tomorrow. I bought some extra options on Thursday in case the Middle east or Japan corroded more, and maybe it was something else, but can't be sure until the amateurs sing at 6:30 tomorrow morn.

Jim

 

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lol we got close 48.89 now

 

Gold: $1516.70
Silver: $48.49

Ok...everyone move along...nothing to see here.

 

how am I supposed to go to sleep right now

 

Oh but the chaotic entertainment it would have provided me…

 

I knew you were popping in an out...didn't know if you had a current position. Easy money if you do! Don't forget to pay your taxes...

 

Well now this is very exciting. A few of us up late, watching the world markets. You're right Hypernflation, how can anyone sleep? 48.74, could this be the 8.00 jump that fella predicted on fast money?

 

Me too!

 

We all should meet in the gameroom. Does it have a live chat? lol. It's creeeping baaack upp...

 

I never forget my taxes! Rather be poor than in the club Med. No money is easy until you sell

Jim

 

I have a feeling that it may be today or sometime this week when we see the $8 jump up

 

dang...was hoping to see $49.99

 

Is there a way to see how much volume was trading as it shot up?

 

I hope I'm never on the PIR with you!

 

http://www.cx-portal.com/metal/silver_en.html

Try this, and I'm new to all this.

 

The volume was good on the way up , until it peaked at 49.82, then larger volume down to below 49, now about a 1/3 of the up volume as before the peak.

Jim

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Looks to me like silver has more moves than ex-lax right now...

 

Hmmm, dumping dollars for PMs...should push up US interest rates eventually (if they do it).

 

The timing of this run seems, in my perception (and based on some other analysts interpretation), to correspond accordingly with the USD index breaking below key 2008 indicators. Unless something is done to reign in the dollar's downward momentum I think more and more people will continue to seek PM's to preserve their wealth, with silver being the primary beneficiary.

There is some serious volatility going on right now. Just in the last 5 minutes I've seen ranges from $48.99 to $48.53, after having gone up a dollar in just a couple hours. Most likely people are continuing to sell at such great prices while newcomers are also entering the market.

 

LOL...that was my trade...to protect my prediction.

It'll be interesting to see what happens once the US markets open.​