And... They're Off!

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And... They're Off!

Postby beauanderos » Sun Aug 07, 2011 5:06 pm

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Re: And... They're Off!

Postby frugalcanuck » Sun Aug 07, 2011 5:08 pm

wow
"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent." John Kenneth Galbraith 1975
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Re: And... They're Off!

Postby Market Harmony » Sun Aug 07, 2011 5:10 pm

just wait when the gold price runs up so fast that traders move into silver and run that up... this is the beginning, Ray ol' boy.

USD reserve currency when credit rating is less than AAA??? I don't think so
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Re: And... They're Off!

Postby Oakair » Sun Aug 07, 2011 5:10 pm

What a spike!

Is that another new high for gold?
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Re: And... They're Off!

Postby neilgin1 » Sun Aug 07, 2011 5:14 pm

im showing up a buck in silver down 32 in the 500,

1694 in dec gold,,,,,holy cow
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Re: And... They're Off!

Postby beauanderos » Sun Aug 07, 2011 5:14 pm

I wouldn't be surprised if we break our attendance record on this new site today or tomorrow.
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Re: And... They're Off!

Postby neilgin1 » Sun Aug 07, 2011 5:19 pm

beauanderos wrote:I wouldn't be surprised if we break our attendance record on this new site today or tomorrow.


zerohedge crashed,
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Re: And... They're Off!

Postby Rodebaugh » Sun Aug 07, 2011 5:20 pm

A 20 cent spike in silver spot is not exactly what I was expecting this fine Sunday evening.......Especially after the 3 dollar Thursday haircut. :roll:
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Re: And... They're Off!

Postby beauanderos » Sun Aug 07, 2011 5:23 pm

APMEX is showing a twenty cent bid ask spread... they're normally at five cents.
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Re: And... They're Off!

Postby Robarons » Sun Aug 07, 2011 5:24 pm

Well you know the silver market is topping when every goon on the street gets their name plastered on bars. When everyone is in GET OUT!

I kid- but seriously if Gold is off to the races why is silver in a Mc Donald's Drive thru?
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Re: And... They're Off!

Postby Oakair » Sun Aug 07, 2011 5:25 pm

Robarons wrote:Well you know the silver market is topping when every goon on the street gets their name plastered on bars. When everyone is in GET OUT!

I kid- but seriously if Gold is off to the races why is silver in a Mc Donald's Drive thru?


SHHHH...

Let it go down, I want to buy more on monday haha
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Re: And... They're Off!

Postby Kurr » Sun Aug 07, 2011 5:26 pm

When you flip on the tube, how many gold commercials do you see compared to silver?

Programming takes effect.
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Re: And... They're Off!

Postby beauanderos » Sun Aug 07, 2011 5:27 pm

Robarons wrote:Well you know the silver market is topping when every goon on the street gets their name plastered on bars. When everyone is in GET OUT!

I kid- but seriously if Gold is off to the races why is silver in a Mc Donald's Drive thru?

Alot of people lost confidence in silver... because of the confidence game
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Re: And... They're Off!

Postby Kurr » Sun Aug 07, 2011 5:30 pm

I also expect alot of any gains seen tonight taken out tommorow trying to cover the market drop.
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Re: And... They're Off!

Postby chris6084 » Sun Aug 07, 2011 5:30 pm

What is going on with platinum? It is down today and getting closer and closer to gold.
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Re: And... They're Off!

Postby aristobolus » Sun Aug 07, 2011 5:55 pm

$39.00 again...if only for a moment!
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Re: And... They're Off!

Postby Lemon Thrower » Sun Aug 07, 2011 5:58 pm

i already have my positions so here is how i am playing this.

i think uncle caps gold at 1700.

when the equity markets open, its the risk off trade and silver may well fall.

i think at some point, not permanently, silver may touch 35 and that is when to buy.
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Re: And... They're Off!

Postby aristobolus » Sun Aug 07, 2011 6:00 pm

Where is JonFlyFish?
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Re: And... They're Off!

Postby Delawhere Jack » Sun Aug 07, 2011 6:00 pm

neilgin1 wrote:
beauanderos wrote:I wouldn't be surprised if we break our attendance record on this new site today or tomorrow.


zerohedge crashed,


Zerohedge was inaccessible from Comcast for 20-30 minutes. I logged into my remote access from work and was able to access it (using a different ISP). I think it was a routing issue.....I think it was a purposeful routing issue.

Connectivity was "restored" once the initial market/metal trauma subsided..
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Re: And... They're Off!

Postby daviscfad » Sun Aug 07, 2011 6:04 pm

time to sit back and watch!
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Re: And... They're Off!

Postby Corsair » Sun Aug 07, 2011 6:21 pm

daviscfad wrote:time to sit back and watch!


I'm trying to decide what's more exciting to watch - silver spot or Pulp Fiction on AMC. Pulp Fiction is winning as of this moment...
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Re: And... They're Off!

Postby 68Camaro » Sun Aug 07, 2011 6:30 pm

Silver caught up with gold, percentage-wise. I think we've seen all the action we're going to see until Hong Kong opens. Will be interesting to see if that changes anything.
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Re: And... They're Off!

Postby blackrabbit » Sun Aug 07, 2011 6:39 pm

What time does Hong Kong open?
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Re: And... They're Off!

Postby Mossy » Sun Aug 07, 2011 6:41 pm

chris6084 wrote:What is going on with platinum? It is down today and getting closer and closer to gold.

By golly. Maybe I can sell some gold and pick up some of that?
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Re: And... They're Off!

Postby 68Camaro » Sun Aug 07, 2011 6:42 pm

blackrabbit wrote:What time does Hong Kong open?


830 ET, I believe
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
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