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SILVER


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In my simple thinking.

 

The price of oil is coming down because people are expecting demand reduction in a recession. And people think the USD is regaining strength.

 

I think ’people’ are wrong and oil will soon rocket through 150 $/bbl and probably 200 $/bbl too. From what I have read on GEI, the bottom in oil price is expected to be somewhere around 100 $/bbl

 

Doesn’t the same also apply to silver (the bottom price is yet to come)?

 

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After seeing silver plummet like it has over the last few days, I'm, er, "filling my boots" alright... unfortunately, with the contents of my rectum. Sigh.

:lol: Yeah, price of silver looks somewhat like a turd falling of a cliff.

 

HOWEVER, keep in mind, this is not RBS, UK house prices, or the US-Dollar -- this is a MASSIVE SILVER turd. Somewhere down there it will hit some shorters right on the head and squeeze the life out of them. :lol:

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Silver broke its 200MA at $16.50 so should be a SELL at that strike price.

 

If you go along with market manipulation be ready to buy on this dip on confirmation from B.Bulls. Take this as a bear trap

 

 

http://bigcharts.marketwatch.com/charts/bi...&mocktick=1

 

 

Just look at rise in volume in PHAG. A selling climax is now being reached?

 

SLVR ETF also shows the same rise.

 

 

Price of silver at the time of this post is $12.70.

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