Will we see $36 silver tonight?

[Delawhere Jack]

6:39PM Eastern:

GOLD 03/06/2011 18:38 1437.30 1438.30 +4.50
+0.31%

SILVER 03/06/2011 18:38 35.89 35.91 +0.22
+0.62%

PLATINUM
03/06/2011 18:38 1842.00 1849.00 +1.00
+0.05%

PALLADIUM 03/06/2011 18:38 817.00 822.00 +7.00
+0.86%

[Delawhere Jack]

$36.02!

[misteroman]

unbelievable !

[Know Common Cents]

Cha Ching!!!! Can you say $37? Just checked APMEX and their buy price per $1 face of US 90% silver is $25.12. I do believe, though, there are a couple of resistance points on the way to $40. From here, I'd rather have a gradual decline so the possibility of a radical drop of 10% or more in a day may be lessened. Who knows with this market? Guess anything is possible as long as there's a couple of geopolitical pots boiling over.

[beauanderos]

Cha Ching!!!! Can you say $37? Just checked APMEX and their buy price per $1 face of US 90% silver is $25.12. I do believe, though, there are a couple of resistance points on the way to $40. From here, I'd rather have a gradual decline so the possibility of a radical drop of 10% or more in a day may be lessened. Who knows with this market? Guess anything is possible as long as there's a couple of geopolitical pots boiling over.

I think you've made a fair assessment of the situation, sounds like you have a good head on your shoulders. Of course, I'd prefer if it was a gradual incline, not decline.

[aristobolus]

Cha Ching!!!! Can you say $37? Just checked APMEX and their buy price per $1 face of US 90% silver is $25.12. I do believe, though, there are a couple of resistance points on the way to $40. From here, I'd rather have a gradual decline so the possibility of a radical drop of 10% or more in a day may be lessened. Who knows with this market? Guess anything is possible as long as there's a couple of geopolitical pots boiling over.

Can you say Bahrain, Libya and now Saudi Arabia? If the latter ends up in chaos, the Pax Americana that we have known will be at the least challenged; and at the worst over.

[beauanderos]

Cha Ching!!!! Can you say $37? Just checked APMEX and their buy price per $1 face of US 90% silver is $25.12. I do believe, though, there are a couple of resistance points on the way to $40. From here, I'd rather have a gradual decline so the possibility of a radical drop of 10% or more in a day may be lessened. Who knows with this market? Guess anything is possible as long as there's a couple of geopolitical pots boiling over.

Can you say Bahrain, Libya and now Saudi Arabia? If the latter ends up in chaos, the Pax Americana that we have known will be at the least challenged; and at the worst over.

Don't forget Yemen.