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<p>[QUOTE=&quot;desertgem, post: 1079944, member: 15199&quot;]When I look at silver compared with the USD, it is interesting that silver had a low over the last 5 yrs on 10/29/08 at 8.40 oz, and the dollar index at that time was 86.49 ( that was the beginning of the silver price boom). Last February ( 2/25/10) the USD was the approximately the same as now (79.27) and silver was 20.15 ounce. My guess from this is that there is a $8 or so of &quot;panic/speculator or ETF holding&quot;&nbsp; pricing currently in silver today unless there are commodity related reasons such as demand, which I don&#039;t see in numbers. We all have opinions, and mine is just another one, but I tried to show one of the reasons why I decided to close my PM investment&nbsp; holdings. I think silver is over valued at this time by $6-10 per ounce and may test this level for support. All in my opinion, and no disrespect for anyone&#039;s differing opinion. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

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