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1 posted on 02/15/2013 12:45:51 AM PST by dennisw
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ping


2 posted on 02/15/2013 12:46:40 AM PST by dennisw (too much of a good thing is a bad thing --- Joe Pine)
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To: dennisw

Silver just broke below $30. Normally I’d think this is a bottom — China is closed this whole week for New Year’s, so there’s no balance to the usual NYMEX fraud; any round-dollar number is always a sticking point for silver, and the “tens” are even more so, and the last seven days in a row have been pretty much all down.

But the next COMEX option expiration, always a favorite candidate for a short-term low, is February 25, already only five trading days away. I look at the graph over the past year and see that silver goofed around at $28-ish for almost three months. IMO it’s more likely that “they” just keep working it down toward $28 by then than let it go up for two or three days only to smack it back down to $30 again. I’d rather be buying at $31 if I’ve seen $29 first.

Comex option days: http://jessescrossroadscafe.blogspot.com/2013/01/gold-and-silver-option-expiration.html


4 posted on 02/15/2013 6:42:25 AM PST by jiggyboy (Ten percent of poll respondents are either lying or insane)
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