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Old 08-31-2012, 23:20   #1226
cowboy1964
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$31.68.
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Old 09-06-2012, 07:56   #1227
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Hit $32.99 at at 08:20 am UTC.

Nice little run up going on.
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Old 09-06-2012, 08:41   #1228
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Quite the run up... almost 16% in the last 30 days. If it holds and it looks like Romney is actually going to win I may just unload some and wait for the price to drop again.

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Old 09-06-2012, 09:30   #1229
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Slow and steady. Then wait for the 20% drop in 1 day.
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Old 09-06-2012, 09:54   #1230
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Old 09-07-2012, 08:40   #1231
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$33.52 and QE3 isn't even official yet. I knew I should have bought more at $27. I don't think we'll be seeing $20s again for a long time, especially if Obama wins.

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Old 09-09-2012, 21:21   #1232
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33.95 @ 01:40 UTC on the Asian Markets. $34.00 + Today ??

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Old 09-10-2012, 19:25   #1233
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Waiting for QE3.
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Old 09-13-2012, 11:12   #1234
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Silver has spiked 4% in the last hour and a half, gold over 2%.

Open-ended stimulus/pumping was announced. Beginning of the end game.

http://www.foxbusiness.com/economy/2...-decision-qe3/

Whew, I almost sold some stocks this morning. Glad I held off. The question now is, hold off how much longer?

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Old 09-13-2012, 11:13   #1235
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Waiting for QE3.
It's here...

$34.30...so far

SC
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Old 09-13-2012, 14:12   #1236
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The Chairsatan is the best thing we have going for us.

Just wished I'd loaded up on more.
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Old 09-13-2012, 15:48   #1237
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What was it that reversed what was going on after QEII? Something with the margins going up... why can't that happen again?

Is this really the beginning of the end?

Thanks

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Old 09-13-2012, 16:26   #1238
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Yes it will go down again at some point. Not right now though! They say now interest rates will remain this low at least until mid 2015.

The price just got way too far ahead of itself after QE2 and pulled back. Note however that it didn't pull back to the same level it was when QE2 started. Botton line, the bull market continues and won't be ending any time soon. I'm not predicting $40s within the next few months but I think $20s is gone for awhile.

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Old 09-13-2012, 16:57   #1239
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What was it that reversed what was going on after QEII? Something with the margins going up... why can't that happen again?

Is this really the beginning of the end?

Thanks

-Emt1581
Forget the margin thing. I doubt if it's relevant anymore. The important thing is that QE3 is inflationary, dollar negative, metals positive. From here on out, Quantitative Easing is the only tool the Fed has in their box. We may well see QE4, QE5, QE6, ...etc.

It's not the end (of the dollar), but maybe we can see it from here.

SC
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Old 09-13-2012, 17:53   #1240
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Forget the margin thing. I doubt if it's relevant anymore. The important thing is that QE3 is inflationary, dollar negative, metals positive. From here on out, Quantitative Easing is the only tool the Fed has in their box. We may well see QE4, QE5, QE6, ...etc.

It's not the end (of the dollar), but maybe we can see it from here.

SC
I see what you're saying. When you compound everything together (avoiding/delaying economic decisions at the last minute, extended tax cuts, QE's, etc).... is the ONLY outcome the dollar becoming worthless?

Seems like the only thing we wouldn't be able to hazard a guess at is the WHEN....right?

On a somewhat positive note, I have to take back what I said earlier in the thread about losing money when I had to sell some of my bullion. Turns out I actually made a few bucks....not that it matters now other than making me feel slightly better.

-Emt1581
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Old 09-13-2012, 18:03   #1241
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The dollar won't become "worthless" but it will continue to lose value, and probably at an accelerating pace though I'm not predicting hyperinflation. I suppose the good news is that any debts you have will also be priced in devalued dollars. Still, at this point (and going forward) I'd prefer to be debt-free as much as possible.

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Old 09-13-2012, 18:13   #1242
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The dollar won't become "worthless" but it will continue to lose value, and probably at an accelerating pace though I'm not predicting hyperinflation. I suppose the good news is that any debts you have will also be priced in devalued dollars. Still, at this point (and going forward) I'd prefer to be debt-free as much as possible.
I think that is the only....Silver lining....

But without hyper inflation it's not like a roll of rounds are going to be able to pay off a house anywhere in the 6-figure range.

And the world population as a whole seems dead set against using PM's as money in favor of unbacked paper. So I don't know if returning the the Gold standard is anywhere in the realm of possibility.

I'm just waiting to see $20 loaves of bread and $50 gallons of milk. Again, not exactly hyper inflation but can you imagine?!? I mean accounting for inflation over the last century...maybe you can...

In any case, I broke out a 10oz Engelhard to fondle tonight.

-Emt1581

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Old 09-13-2012, 18:21   #1243
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Forget the margin thing. I doubt if it's relevant anymore. The important thing is that QE3 is inflationary, dollar negative, metals positive. From here on out, Quantitative Easing is the only tool the Fed has in their box. We may well see QE4, QE5, QE6, ...etc.

It's not the end (of the dollar), but maybe we can see it from here.

SC
Agreed. We announced to the world today that our intention is to print our way out of this thing we are in and they have been taking it for granted that our money is stable. Well we are not even hiding it anymore so metals and other currencies should do well against the dollar until this runs it's course. Those teachers in Chicago are going to need a much larger raise!
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Old 09-13-2012, 18:46   #1244
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Quote:
Originally Posted by emt1581 View Post

Is this really the beginning of the end?

Thanks

-Emt1581
Since we are in the S/P section, yes, this is the beginning of the end.


For the 7483929 time.
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Old 09-13-2012, 22:36   #1245
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Gold is at 1776. . . . . .
An Omen?
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Old 09-13-2012, 22:43   #1246
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No, not an omen, just a result. QE 3 is upon us.


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Old 09-19-2012, 07:14   #1247
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silver is under valued by at least 45 times the current price.
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Old 09-19-2012, 07:27   #1248
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silver is under valued by at least 45 times the current price.
Sources?
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Old 09-19-2012, 12:56   #1249
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silver is under valued by at least 45 times the current price.
Uh-huh
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Old 09-19-2012, 12:59   #1250
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silver is under valued by at least 45 times the current price.
Isn't that just a great theory? I love it.

Be nice if it actually works out that way.


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