Sounds good to me I think silver will pass or get to $20 by the end of the week cause of the way the dollar is for the moment
Bloomberg News Article mentions: The most widely held option on gold futures traded in New York is for $1,500 an ounce by December, or 18 percent more than the record $1,266.50 reached June 21. " @ a 65:1 ratio (current) that would equate to a $23/ ounce silver or +20%
CURRENTLY: GOLD: $1,248.90 -- High so far today $1,249.90 Silver: $19.38 -- High so far today $19.41 Platinum: $1528 Palladium: $506
CURRENTLY: GOLD: $1,250.90 -- High so far today $1,251.20 Silver: $19.41 -- High so far today $19.43
Oh yes, I actually read that bloomberg article. I think what is happening is the peak is making some people rich. Then they will manipulate and drop the price again, dropping the weaker holders, buy up the PM's cheaper, and then bring it back up again, rinse and repeat. And everytime they do this, they try to push the peak a little bit more....and hopefully the bottom inches up a little higher... Now I am picturing an inch worm....
CURRENTLY: In Asia-Pac opening for Wednesday, 9/1/10, a new trading month! GOLD: $1,249.40 Silver: $19.40 Platinum: $1,530 Palladium: $ 507