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permabear

01/20/11 2:49 PM

#5019 RE: Montanore #5018

I think it was mostly about China today, with the rise in their interest rates. Any excuse to bring the price down. But silver and gold are far from alone. Oil dropped more than $2.00 today as well.

Going forward all this money printing has to take its toll. All western paper currencies are being debased. In the end hard assets will be the place to be. Inflation is just beginning to bite. First in the emerging markets. Then it will spread here. I predict that we will have inflation rates running 10 percent plus in the coming years.
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the cork

01/20/11 2:59 PM

#5021 RE: Montanore #5018

I think JPM et al are creating the drop in prices to continue unwinding their short position. Nothing more.

Idiots.

They could have done it a hell of a lot cheaper a couple months ago.

As it is, we're still at or above our hedge, which was top of the market at the time it was signed.

The Chinese got to be loving this current drop, and I suspect are quietly taking advantage of it.

Smart investors will see it for the temporary and contrived pull back that it is, and do the same.

The dynamics of metals vs currencies has not changed.

Metals are still the ultimate bottleneck, recovery or no recovery. As it is, there is little REAL evidence of a meaningful recovery, so we'll be back on track soon enough.

Worldwide demand for copper already outstrips supply for the next two years. Copper is dropping?

Different dynamics, but same with silver.

Leave it to JPM et al to try and make truth look the fool.

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BullionNation

01/20/11 3:18 PM

#5025 RE: Montanore #5018

We all knew this attempt to raid the price has been planned for awhile now. We also know that it was going to last until Feb or mid-Feb, before we hit another explosion in price. I bet we see $35.00 by April. Don't you remember the bears talking to us? LOL.

Take advantage of this time, because we all know the dynamics between physical and paper haven't changed. It continues to strengthen our case that the physical market will explode in due time.

I'm ALL in for what it's worth. Probably witness more of a beating in the physical market, but I still think anything under $30 is looking at a 50% gain this year.