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<p>[QUOTE=&quot;huntsman53, post: 122655, member: 1242&quot;]Silver actually hit $84 an ounce for about 2 minutes back in 1980 if my memory serves me correctly (or it was 1979), then it dropped to $64 an ounce and stayed there for several hours. The price then fell to $52 and held there for about 24 hours then the price gradually fell over several months.</p><p><br /></p><p>The Hunt Bros. for sure and I think there were others involved in a scheme to buy up tons of Silver and plant rumors to falsely inflate it&#039;s value, then they planned to dump their&#039; Silver back on the Market and get even more rich than they were at the time. Well the Feds found out and the Hunt Bros. got burned (don&#039;t know what happened to the others.) but the damage had been done. It took awhile for the word to get out about what happened and because some folks were selling and others were buying Silver in a frenzy, the price stayed up for quite some time. Once everything calmed down, Silver gradually dropped back down to near the level it was at before the scheme was put into place.</p><p><br /></p><p><br /></p><p>Frank[/QUOTE]</p><p><br /></p>

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