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3 Weird Things About Tonight's Huge Silver Selloff (-9%)
TBI ^
| 5-1-2011
| Joe Weisenthal
Posted on 05/01/2011 6:07:53 PM PDT by blam
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To: BenLurkin
I know Warren Buffet was huge on silver for the last few years.
Wouldn’t surprise me if he sold everything he had.
21
posted on
05/01/2011 6:21:11 PM PDT
by
Jonty30
To: blam
To: WorkingClassFilth
[Must be shifting their assets to lead instead.]
Pardon my ignorance, but is lead a play? I know copper has been.
23
posted on
05/01/2011 6:23:16 PM PDT
by
DaxtonBrown
(HARRY: Money Mob & Influence (See my Expose on Reid on amazon.com written by me!))
To: WorkingClassFilth
[Must be shifting their assets to lead instead.]
Pardon my ignorance, but is lead a play? I know copper has been.
24
posted on
05/01/2011 6:23:39 PM PDT
by
DaxtonBrown
(HARRY: Money Mob & Influence (See my Expose on Reid on amazon.com written by me!))
To: Cringing Negativism Network
“...I hope Jim Rogers loses his anti-American shirt.”
He and Soros have been betting against the USA for years. No one would cry if they went under.
To: blam
26
posted on
05/01/2011 6:23:58 PM PDT
by
blam
To: kittymyrib
IMHO Rogers will do well on his silver. Temporarily.
But end up bankrupt, as a result of US protectionism.
Aw.
Poor guy.
To: Jonty30
Buffett was bought tons(almost literally)of silver when it was 6 to 8 bucks an ounce. Great time to back up the truck and unload.
28
posted on
05/01/2011 6:25:52 PM PDT
by
cornfedcowboy
(Trust in God, but empty the clip.)
To: Jonty30
Buffett bought tons(almost literally)of silver when it was 6 to 8 bucks an ounce. Great time to back up the truck and unload.
29
posted on
05/01/2011 6:26:11 PM PDT
by
cornfedcowboy
(Trust in God, but empty the clip.)
To: Jim Robinson
Damn.
How are we going to take out the Democrats now?
30
posted on
05/01/2011 6:27:02 PM PDT
by
Jonty30
To: blam
Whenever some trusted investment advisor opines, “It’s different this time...” the bubble is about to pop.
To: blam
Accumulation-markup-distribution, the classic market cycle. This is a healthy thing, nothing can go up forever.
32
posted on
05/01/2011 6:28:09 PM PDT
by
Free Vulcan
(Vote Republican! You can vote Democrat when you're dead.)
To: WorkingClassFilth
I’m fully invested in lead. Now branching out into commodities, corn, wheat, beans, pork bellies. Stocking up on burritos.
33
posted on
05/01/2011 6:28:16 PM PDT
by
Jim Robinson
(Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
To: cornfedcowboy
Great time to back up the truck and unload. Hurry, it's already recovering.
To: WorkingClassFilth
"Persoanlly, Im putting my money into garlic. Ive got three kinds in now for dividing into planting stock this fall. Next year around election time, I should have enough to repel the entire nation of Transylvania." You won't believe it...80% of the garlic consumed in the USA comes from China.
The World Garlic Festival is still in Gilroy, California though.
35
posted on
05/01/2011 6:29:33 PM PDT
by
blam
To: cornfedcowboy
I had read somewhere that he bought about 10 percent of the world market or so.
36
posted on
05/01/2011 6:30:06 PM PDT
by
Jonty30
To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; ColdOne; Convert from ECUSA; Delacon; ...
Price too high? Blame the speculators. Bubble bursts? Blame the speculators.
37
posted on
05/01/2011 6:30:11 PM PDT
by
SunkenCiv
(Thanks Cincinna for this link -- http://www.friendsofitamar.org)
To: blam
The large banks who are short silver have been starting to cover their short positions. I think the key is that this is May Day, Labor Day in most countries, where the markets will not be open. If JPM shorts the market down to cause margin calls, they will be covering their shorts tomorrow as longs who have margin calls will have to sell to JPM.
China has recently been the floor under the price, but they will be closed today, so its all JPM's to buy.
To: blam
While all commodities are due for a 25-40% drop, Silver is the most likely to drop 50% +.
39
posted on
05/01/2011 6:30:54 PM PDT
by
Mariner
(USS Tarawa, VQ3, USS Benjamin Stoddert, NAVCAMS WestPac, 7th Fleet, Navcommsta Puget Sound)
To: blam
Actually you can get it for a dime. At $47.00 an ounce a junk silver dime is $3.60.
40
posted on
05/01/2011 6:31:09 PM PDT
by
Graneros
("Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.")
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