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To: Jet Jaguar

And what’s your exit point?

I’m thinking of shorting both silver and gold. If the economy picks up they’ll both crash.


10 posted on 12/30/2010 10:16:33 PM PST by aquila48
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To: aquila48

Yeah, that is bound to happen. </s>


12 posted on 12/30/2010 10:24:38 PM PST by ChinaGotTheGoodsOnClinton (Standing by the walls of Minas Tirith as Sauron's forces pound the gates...)
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To: aquila48

Somewhere around $1700 spot gold and $80 spot silver will be a short term top and a hefty correction for almost a year or so then back on up to heights never imagined until some fix is finally forced on governments.

I bought what I thought I needed for any emergency for a year or two worths when gold was $550 and silver $4.50, been playing the miners ever since.


14 posted on 12/30/2010 10:31:45 PM PST by Razzz42
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To: aquila48
And what’s your exit point?

When the value of the Dow Jones Industrial Average equals the price of one troy ounce of gold. I don't know what that price will be, could be $3,000 could be $5,000 but that's where this is going.

15 posted on 12/30/2010 10:33:11 PM PST by atomic_dog
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