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What if silver plummeted down to $15oz, would you be ready?
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<p>[QUOTE="medoraman, post: 1174305, member: 26302"]Ok, that is a fair point. If the current economy stays the same, and the don't fix the dollar, not bad thoughts. I was just saying what if they actually cut spending, and the economy picks up? I could see $15 silver again. It's not different this time, change in circumstances will change markets. We just heard of the massive plays by Soros and Slim, those were just two players in this market recently. They are what I describe as "hot money", moving from market to market trying to get a play. If the hot money starts to ignore PM, and the general public starts to regain confidence, those two massive pillars of PM support will be gone. Under that scenario, (historically the most common of all), I could see $15 quite easily for silver.</p><p><br /></p><p>This quick movement up and down is attracting, (and being caused by), a lot of non-historical market participants in my view. A slow steady slide in silver will not only push hot money out of PM, but also the general public because they will see nothing but losses for months on any PM purchase. That is the scenario under which I see $15 silver being easily achievable.</p><p><br /></p><p>Just a thought, not a prediction.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1174305, member: 26302"]Ok, that is a fair point. If the current economy stays the same, and the don't fix the dollar, not bad thoughts. I was just saying what if they actually cut spending, and the economy picks up? I could see $15 silver again. It's not different this time, change in circumstances will change markets. We just heard of the massive plays by Soros and Slim, those were just two players in this market recently. They are what I describe as "hot money", moving from market to market trying to get a play. If the hot money starts to ignore PM, and the general public starts to regain confidence, those two massive pillars of PM support will be gone. Under that scenario, (historically the most common of all), I could see $15 quite easily for silver. This quick movement up and down is attracting, (and being caused by), a lot of non-historical market participants in my view. A slow steady slide in silver will not only push hot money out of PM, but also the general public because they will see nothing but losses for months on any PM purchase. That is the scenario under which I see $15 silver being easily achievable. Just a thought, not a prediction.[/QUOTE]
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