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To: ExTexasRedhead
Gold closed at $1505 an ounce today, Silver at 46.60. There is serious action in out-of-the-money calls for both, indicating that the market expects both to continue to rise, with periodic brief corrections, until possibly year's end.

The dollar can go lower and metals will go higher if it does. Gold is now at an all-time inflation-adjusted high, silver is not close.

Buy Ag.

4 posted on 04/21/2011 3:09:51 PM PDT by hinckley buzzard
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To: hinckley buzzard

Potter’s buying and so am I. :)


5 posted on 04/21/2011 3:12:38 PM PDT by BenKenobi (Don't expect to build up the weak by pulling down the strong. - Silent Cal)
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To: hinckley buzzard
until possibly year's end

Or the end of the commodity bubble whichever comes sooner. The dollar carry trade unwind and revaluation will be dramatic, and gold will not suffer too much, but silver will be hammered.

7 posted on 04/21/2011 3:18:34 PM PDT by palmer (Cooperating with Obama = helping him extend the depression and implement socialism.)
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