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Silver To Settle In The $28.00 Range?
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<p>[QUOTE="desertgem, post: 1191359, member: 15199"]<p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000">Thank you for the comment, although I doubt very much it is true. I did not figure on the collapse ( or correction if one prefers) of silver to affect gold and gold mining stocks as badly. I had figured, a decrease would only be related to their exposure to silver, but I think psychology of the movement was overdone. I used some of the silver profits to pay my taxes on IRA->Roth conversions and some mining stocks. </span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">I think trading in silver is going to be tough for a while. I don't have any idea where it will end up this year. My guess for my coin club's Christmas meeting PM prize was 32.50 back in Feb. It may go uch higher, but I think $40 , and $45 will face certain psychological barriers, and see a lot of selling zig-zag. If 45 is reached, many who missed the first peak this year, may decide to take profit this time. meanwhile, I have 600+ pages of mining reports on 2 companies, I must sludge through <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /> if I want to keep up my image <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> IMO.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Jim</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1191359, member: 15199"][LEFT][COLOR=#000000] Thank you for the comment, although I doubt very much it is true. I did not figure on the collapse ( or correction if one prefers) of silver to affect gold and gold mining stocks as badly. I had figured, a decrease would only be related to their exposure to silver, but I think psychology of the movement was overdone. I used some of the silver profits to pay my taxes on IRA->Roth conversions and some mining stocks. I think trading in silver is going to be tough for a while. I don't have any idea where it will end up this year. My guess for my coin club's Christmas meeting PM prize was 32.50 back in Feb. It may go uch higher, but I think $40 , and $45 will face certain psychological barriers, and see a lot of selling zig-zag. If 45 is reached, many who missed the first peak this year, may decide to take profit this time. meanwhile, I have 600+ pages of mining reports on 2 companies, I must sludge through :( if I want to keep up my image :) IMO. Jim [/COLOR][/LEFT][/QUOTE]
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Silver To Settle In The $28.00 Range?
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