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#11
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What's the deal with silver prices?
Probably because the answer is simple. In two words `profit taking'.
The more long winded explanation? Market prices simply reached a level where people were willing to part with some or all of their holdings. Sudden willingness to sell saw demand being relaxed (confidence from the `futures' market that future supply could meet demand at that price range). Price relaxation naturally followed the `sell' sentiment. Calm before the storm? ............who knows. Sidney Lanier wrote: Good question. Been two days, and no one did yet! "Jud" wrote in message oups.com... The part I don't understand is that precious metals are supposed to be a hedge against inflation. Well, the stock market was in free-fall this week because of inflationary warnings, but precious metals tumbled as well. I would think that if the economy is going down that silver and gold would go up. I am no genius, perhaps someone can explain this to me. |
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#12
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What's the deal with silver prices?
Jud wrote: The part I don't understand is that precious metals are supposed to be a hedge against inflation. Well, the stock market was in free-fall this week because of inflationary warnings, but precious metals tumbled as well. I would think that if the economy is going down that silver and gold would go up. I am no genius, perhaps someone can explain this to me. Interesting article regarding precious metals (gold specifically): http://biz.yahoo.com/ap/060404/biz_m...rest.html?.v=1 |
#13
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What's the deal with silver prices?
"Eric Babula" wrote in message 0... Woah! I looked away for a few days, and I see that silver coin prices are sitting at $12.11/oz. - over $2.00 less than the last time I looked! What the hell??? Is silver back on the downturn? Did I miss my chance at fortune and fame, when it was over $14.00? Or, is this just a temporary correction, only to last a week? I WAS planning on selling about 1/2 of my junk silver once it got into the $15.00 range. Then, I'd hold the rest until it topped $20.00, which I was hoping would be in December. Right now, it's looking like it's going back down to the $5.00-$6.00 I got it for. Enjoy yourself!! The lower it goes, the more you can afford to buy. The higher it goes, the more money you can get for it. What a country!! Bruce |
#14
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What's the deal with silver prices?
On Mon, 22 May 2006 18:33:44 -0400, Sidney Lanier wrote:
Good question. Been two days, and no one did yet! I can't. I'm too busy arranging my next buy while it's hopefully still on sale. |
#15
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What's the deal with silver prices?
"Bruce Remick" wrote in
news:sAscg.13345$8q.380@dukeread08: Enjoy yourself!! The lower it goes, the more you can afford to buy. The higher it goes, the more money you can get for it. What a country!! Bruce You got a great attitude there, Bruce! And, you're absolutely right! -- Eric Babula Milwaukee, Wisconsin, USA |
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