Silver breaks $38, continues strong

[Seraphim]

HAHAHAHHAHAHA

For a second I didnt get the accronym, then it clicked. I laughed. Nice.

Well, I BTFD, so it's all good as far as I'm concerned.

 

[Seraphim]

http://www.kitcosilver.com/

Smart Asians.

 

[LibForestPaul]

Strange coincidence, if one looks at the silver charts, it appears silver started upward swing some time Jan 18 - 20. Jan 18 was also meeting of Finance Stability Council...with our good friends from the Fed, SEC, FHA

 

[pmbug]

..., then it clicked. I laughed. Nice.

Silver climbing back early this morning. Looks like the CME margin limit raise had a half life of less than 12 hours.

 

[Mogambo Guru]

Holy moly, PM prices look volitile today...

 

[LibertyRevolution]

Don't worry about daily...

 

[Mogambo Guru]

Mogambo does not worry about his gold/silver... Just observing todays action.

 

[LibertyRevolution]

It is nice to see the gold/silver ratio getting lower.
I hope it keeps going, wouldn't mind an opportunity to swap out some silver for gold.
When it was up at 68:1 I swapped my 2oz of gold for 130 1oz silver rounds at the coin shop here.
If we get down to like 20:1 I will be dancing in the street.

P.S. Anyone that is buying PM to make a profit in dollars. Your doing it wrong.

 

[Original_Intent]

I am a little embarrased by the "continues strong" part of the thread title. LOL, right after posting, it tanked and really wasn;t above $38 for long at all.

 

[acptulsa]

I am a little embarrased by the "continues strong" part of the thread title. LOL, right after posting, it tanked and really wasn;t above $38 for long at all.

What, you don't think it takes strength to fight that kind of manipulation?

 

[pmbug]

It'll be back within a week or two.

 

[swissaustrian]

Compare yesterdays chart to todays:
http://www.kitco.com/charts/livesilver.html
Parallel moves. If this continues throughout the next hours, we will have second sell-off in about 20 minutes...

Btw:$ gaining against € and CHF simultaneously.