Whee! Silver spiking

[Original_Intent]

http://www.kitco.com/charts/livesilver.html

or boohoo, as the case may be for those of us hoping for another buy under $15.

 

[Pennsylvania]

Anyone know where the spike came from?

 

[Anti Federalist]

Anyone know where the spike came from?

Equity markets are down.

Gold is also up.

Another negative day for stocks and flights to safety.

 

[Anti Federalist]

Anyone know where the spike came from?

Jobless claims spiked.

http://www.google.com/hostednews/ap/article/ALeqM5gNiyJ905Ho0Ur96V2TQhsBX19lGwD9GD4E9G0

 

[muzzled dogg]

indeed

 

[Pennsylvania]

this has been really fun to watch. gold and silver are both kicking ass today

 

[PeacePlan]

this has been really fun to watch. gold and silver are both kicking ass today

I expect the big decline soon as expiration's for gold and silver is June 28th. They will start selling soon and all the hedge funds will start dumping to lock in profits is my guess. They will try to get silver below 18

 

[tmosley]

Foreign central banks are buying massive amounts of gold off of the open market as well. The IMF sold somewhere south of 40 tons over the last quarter, while central banks bought some 200+ tons of gold. This does not mention private buying.

 

[free1]

Ron Paul was right again!

Someone tells people the truth and they vote for a liar anyway.

WTF????

 

[PeacePlan]

Foreign central banks are buying massive amounts of gold off of the open market as well. The IMF sold somewhere south of 40 tons over the last quarter, while central banks bought some 200+ tons of gold. This does not mention private buying.

I think they are going to have a hard time holding gold down. They would like to get it below 1200 but it may be a struggle for them to get it below 1250 as they will want the 1200 options to expire out of the money.

We will watch and see as I have done since 2001 when I started buying - history has me believe the decline is about to come soon - I hope I am wrong.

 

[Original_Intent]

Well, this little run up is giving me a thrill up my leg. But I won't get too excited until we are in the $25 range. Will this be the year?

Be interesting to see if gold starts getting pounded following the typical pattern leading up to contracts expiring.

 

[Uriel999]

While its nice that the little bit of silver I already have has gone up, I hope it does come back down so I can buy more! BTW my first response when I checked kitco today was "holy shitballs!"

 

[Wolverine302]

 

[libertybrewcity]

i was really hoping silver would hit 15 or under before it shot up again. i am ready to buy away!