FreedomUIC
Bronze Member
As per Coin Inflation @ 1:05 p.m. EST 19.21 (That is a new 1 year record for silver). Some People believe that 19.00 was the barrier that was holding silver back.....
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I don't know about straight up the last time that happened was in early 80's and it went down like that too right after it went straight up.legend76 said:Silver closed @ $19.66 on May 12th the highest price since mid-March 2008. I personally think both Silver and Gold prices are headed straight up.
obediah said:I don't know about straight up the last time that happened was in early 80's and it went down like that too right after it went straight up.legend76 said:Silver closed @ $19.66 on May 12th the highest price since mid-March 2008. I personally think both Silver and Gold prices are headed straight up.
As I understand it the US Gov Banking proxies like JP Morgan and couple others, you know the ones that are as they say too BIG to fail have paper shorts on Silver and gold far in excess of the clearing house supplies which makes for an interesting unwinding of them shorts when they do- of course the exps seem to just keep being pushed off and/or PM's take an occasional BIG dive allowing the short shorts to unwind without the huge losses and of course they load up on more shorts too.
Our biggest problem is the "LAW", you know those ho are in charge to make sure the playing field is level are incahoots- as corrupt as they can be today.
legend76 said:Silver closed @ $19.66 on May 12th the highest price since mid-March 2008. I personally think both Silver and Gold prices are headed straight up.
Fredness said:Perspective swap:
Don't look at Dollars vs. Silver (or Gold) with FRN's being the "measuring stick".
Flip the chart so that silver is stable and watch the value of your FRN's plummet.
obediah said:I don't know about straight up the last time that happened was in early 80's and it went down like that too right after it went straight up.legend76 said:Silver closed @ $19.66 on May 12th the highest price since mid-March 2008. I personally think both Silver and Gold prices are headed straight up.
As I understand it the US Gov Banking proxies like JP Morgan and couple others, you know the ones that are as they say too BIG to fail have paper shorts on Silver and gold far in excess of the clearing house supplies which makes for an interesting unwinding of them shorts when they do- of course the exps seem to just keep being pushed off and/or PM's take an occasional BIG dive allowing the short shorts to unwind without the huge losses and of course they load up on more shorts too.
Our biggest problem is the "LAW", you know those ho are in charge to make sure the playing field is level are incahoots- as corrupt as they can be today.
legend76 said:Here's the link: http://news.coinupdate.com/gold-price-sets-all-time-high-silver-reaches-month-high-0273/
I hope it never comes down to this, but the three metals I am accumulating are gold, silver and lead.