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How do all the old timers feel about "silver stackers?"
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<p>[QUOTE="goldcollector, post: 2707946, member: 9088"]These prices are also controlled by supply. If it goes up to $25 not only do all the weak hands dump like crazy but you get a lot more supply. That's about as high as its going and I doubt you will see that. Funny people here can post nonsense like silver is being manipulated by jp morgan and other "bad guys" , the USD is gonna collapse, china is taking over the world, there are record shorts just above to be forced to cover, silver is becoming extinct, the comex is gonna default, there is only 2 billion ounces of silver above ground, etc etc and that stuff is all accepted or at least given a free pass. Even though its pretty much all been proven wrong and outside of the silver community anyone who believes any of this is a laughing stock. Someone says silver isn't going to $75 and some of you guys act like your having a stroke. Let me promise you one thing - you will never see silver spot $75. Never. You want to live in your fantasy that's fine but it isn't going to happen and all those silver expectations will continue to be wrong just as they always have been. Silver had its chance when it broke $50 and quickly collapsed like a house made out of toilet paper. The drop to $15 was not a simple correction but a return to reality. Now it will float in the $15-$20 range and if it does break much above the $20 top it will return quickly with added supply and weak hand dumping.[/QUOTE]</p><p><br /></p>
[QUOTE="goldcollector, post: 2707946, member: 9088"]These prices are also controlled by supply. If it goes up to $25 not only do all the weak hands dump like crazy but you get a lot more supply. That's about as high as its going and I doubt you will see that. Funny people here can post nonsense like silver is being manipulated by jp morgan and other "bad guys" , the USD is gonna collapse, china is taking over the world, there are record shorts just above to be forced to cover, silver is becoming extinct, the comex is gonna default, there is only 2 billion ounces of silver above ground, etc etc and that stuff is all accepted or at least given a free pass. Even though its pretty much all been proven wrong and outside of the silver community anyone who believes any of this is a laughing stock. Someone says silver isn't going to $75 and some of you guys act like your having a stroke. Let me promise you one thing - you will never see silver spot $75. Never. You want to live in your fantasy that's fine but it isn't going to happen and all those silver expectations will continue to be wrong just as they always have been. Silver had its chance when it broke $50 and quickly collapsed like a house made out of toilet paper. The drop to $15 was not a simple correction but a return to reality. Now it will float in the $15-$20 range and if it does break much above the $20 top it will return quickly with added supply and weak hand dumping.[/QUOTE]
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