Silver Will Not Top $20 Again Homies

Just about everyone seems to have a mental block when it comes to somebody else profiting, especially when we're writing the check. It's too bad that we can't forget about their profit and think in terms of our own. For some, that's a huge mental hurdle to get over.

 

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Keep going, baby!!! 20.60

 

20.70...

 

20.80...

 

Maybe our dog days are over for at least a little while anyway. "Eye-hoooooo..."

 

Congrat guys, Stackers 1, Eminem 0, on this this one. Big day for PM, Gold is up over 3% now

Mike

 

Is it over?

 

Over?! Nothing is over, did we say it was over when the Germans bombed Pearl Harbor?

 

This bump is due to the market uncertainty about the situation in Iraq. Once the Isis is quashed, things will stabilize again.

 

It looks like it won't top 20.......might be ready to top 21

 

NSFW = EDITED!

FORUM RULES!

 

Jeopardy music: $20.81.

 

Let's not forget about the Federal Reserve announcements too yesterday...that is having a major effect of prices too.

 

Is that a joke?

 

It's a movie reference. Scroll down, watch video, you'll get it.

 

It is a reference to Bluto's "motivational speach" in Animal house See Pacecars post, if it is not removed....

 

You called it!

 

I'm going to go out on a limb and make another near term prediction:

This thread will not top 20 pages Homies

In the short term at least. There simply is no reason to post in this thread right now. If interest in this thread is declining or even staying the same it would be smarter to invest in other threads. What do you think home skillets?

 

I think this is a more complicated situation than many think. Yes, gold, Silver, precious metal miners even greater of a %, but also the US Dollar index, and copper are up. Even interest sensitive REITS are up. The gold and silver contract buyers are up large, and much of the upward trend is paper pressure, so when they take profit, expect downward pressure. Don't say stuff that will make you look uninformed a month from now. Something is happening, but until you figure it out, it is dangerous financially. Best action if you bought a 1000 oz at 18-19 range or contracts a month ago is to sell some. IMO.

 

You're never supposed to correct that until we get the response that we got a couple posts down. It just never gets old...