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<p>[QUOTE="InfleXion, post: 1272345, member: 29012"]Technically, it's different every time, but I would agree that's not an excuse to ignore conventional wisdom. The thing about this bull market is that every reason that prompted me to buy silver at $10 is just as valid today, if not more so. The money supply is expanding exponentially, and so is the debt. Gold and silver are just reflecting this relationship. Anything can go down 70%, but not many things besides precious metals will protect against dollar devaluation, and the dollar must continue to be devalued in order to avoid default. </p><p><br /></p><p> If the goal is to decrease volatility, why have we had two $5 moves for silver in a single day since then? In the last 24 hours there has been another $4 swing. If they need to suppress the metals market to stabilize the rest of the market, that doesn't bode well for their ability to keep things under control. Even the DOW today is up a couple hundred points. This is just more volatility. As I see it these margin hikes are for price control, not stability. If you hold a beachball under water, adding more weight to it doesn't make it more stable. Allowing it to reach equilibrium without coersion would be the way to achieve stability.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1272345, member: 29012"]Technically, it's different every time, but I would agree that's not an excuse to ignore conventional wisdom. The thing about this bull market is that every reason that prompted me to buy silver at $10 is just as valid today, if not more so. The money supply is expanding exponentially, and so is the debt. Gold and silver are just reflecting this relationship. Anything can go down 70%, but not many things besides precious metals will protect against dollar devaluation, and the dollar must continue to be devalued in order to avoid default. If the goal is to decrease volatility, why have we had two $5 moves for silver in a single day since then? In the last 24 hours there has been another $4 swing. If they need to suppress the metals market to stabilize the rest of the market, that doesn't bode well for their ability to keep things under control. Even the DOW today is up a couple hundred points. This is just more volatility. As I see it these margin hikes are for price control, not stability. If you hold a beachball under water, adding more weight to it doesn't make it more stable. Allowing it to reach equilibrium without coersion would be the way to achieve stability.[/QUOTE]
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