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Panic in the Pits: Silver Plunge Spreads to Oil, Copper
cnbc ^
| 05.05.11
Posted on 05/06/2011 4:31:26 AM PDT by Perdogg
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Soros.
1
posted on
05/06/2011 4:31:28 AM PDT
by
Perdogg
To: Perdogg
So how many cents/gal increase in Gasoline prices will this “plunge” justify?
2
posted on
05/06/2011 4:34:10 AM PDT
by
ASA Vet
(Natural-born citizens, are those born in the country, of parents who are citizens. De Vattel)
To: Perdogg
To: ASA Vet
“A cascading crash in commodities beginning with silver a week ago spread to oil and copper as exchanges took steps to rein in speculation”
Notice how speculation only gets reined in when prices drop?
4
posted on
05/06/2011 4:35:38 AM PDT
by
EQAndyBuzz
(Who is John Galt?)
To: Perdogg
5
posted on
05/06/2011 4:36:29 AM PDT
by
iowamark
To: Perdogg
Exactly, Soros.
He even broadcasted his plan. He will buy again when the price has sufficiently fallen. Then he will allow it to go up again and sell, and repeat.
6
posted on
05/06/2011 4:37:07 AM PDT
by
RadiationRomeo
(Step into my mind and glimpse the madness that is me)
To: ASA Vet
Gas actually DROPPED 4 cents a gallon here in the fascist People’s Republic of Red Hampshire this morning...
7
posted on
05/06/2011 4:38:24 AM PDT
by
who knows what evil?
(G-d saved more animals than people on the ark...www.siameserescue.org.)
To: Perdogg
I’m up 6 Kg of Silver I could never have brought otherwise.
Thank you JP Morgan!
8
posted on
05/06/2011 4:40:52 AM PDT
by
agere_contra
("Debt is the foundation of destruction" : Sarah Palin.)
To: ASA Vet
Spoke just last week with a fairly well known financial advisor. He went on about silver reaching $100 and what a great investment. Ever since that discussion, it’s been plunging.
Interesting point is he told me this had happened (price plunge) within the last year or so. J.P. Morgan is being blamed for shorting the market that time.
9
posted on
05/06/2011 4:41:47 AM PDT
by
Williams
(It's the policies, stupid.)
To: Perdogg
This is not 2008. Prices have not overshot as much, the banks (and Lehman) are not teetering, the threat of deflation is minimal. OTOH I would not expect a resumption of the commodity bull market for many months since it has lost momentum and will have to consolidate. I think there will be a few months of thrashing before a resumption in the commodity bubble.
10
posted on
05/06/2011 4:44:22 AM PDT
by
palmer
(Cooperating with Obama = helping him extend the depression and implement socialism.)
To: Perdogg
Down big time, silver is selling for less then 34 this AM. Wonder how low it can go?
11
posted on
05/06/2011 4:46:48 AM PDT
by
jpsb
To: Perdogg
Possible deflationary trigger crash??????
12
posted on
05/06/2011 4:47:50 AM PDT
by
catfish1957
(Hey algore...You'll have to pry the steering wheel of my 317 HP V8 truck from my cold dead hands)
To: Perdogg
Soros et al selling paper metals at record highs ——>driving the physical metal price down and-—> using the profits to buy physical metals later; thereby, cornering the metals market. I’m not selling my physical metals. No way.
13
posted on
05/06/2011 4:48:27 AM PDT
by
RC one
(Donald Trump-I'm still listening)
To: Perdogg
Interestingly enough last week on a little heard newcast they said that Georgie Porgie Soros was selling off his gold.
To: Perdogg
There is a corollary to my tag line......... inflation is a process not a single day’s curve
When reading entrails, run the whole bowel
15
posted on
05/06/2011 4:49:41 AM PDT
by
bert
(K.E. N.P. N.C. D.E. +12 ....( History is a process, not an event ))
To: Perdogg
NOT Soros. Why? Because the regulatory agencies saw what happened in 2008 when uncontrolled speculation in rice and crude oil futures caused such tremendous economic grief. In fact, the rampant speculation has probably caused many commodity futures to be 25-30% overpriced for all the wrong reasons.
16
posted on
05/06/2011 4:50:16 AM PDT
by
RayChuang88
(FairTax: America's economic cure)
To: jpsb
Down big time, silver is selling for less then 34 this AM. Wonder how low it can go?
My guess is 31. Going in big if it does.
17
posted on
05/06/2011 4:50:31 AM PDT
by
WackySam
(To argue with a man who has renounced his reason is like giving medicine to the dead.)
To: agere_contra
Im up 6 Kg of Silver I could never have brought otherwise.Thank you JP Morgan!
Congrats. Most people who finger J.P. Morgan just complain about it. The complaining got to the point where Marc Faber said something along the lines of "if Morgan's driving the silver price down, they're giving you a bargain: stop being childish and just take advantage of it."
To: Perdogg
How long before the stock market heads south?
To: jpsb
Wonder how low it can go? I'll tell you in August.
20
posted on
05/06/2011 4:54:32 AM PDT
by
palmer
(Cooperating with Obama = helping him extend the depression and implement socialism.)
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