Replies to post #7864 on Americas Silver Corp fka USAPF

[BullionNation]

As the federal government approaches its legal debt ceiling and scrambles to avoid default, the first losers will be cities and states.

Starting Friday, the U.S. Treasury will stop issuing special securities that help state and local governments pay for their debt...


And this is bearish for metals how? ;-)

It's unfortunate that we are on the brink of a huge currency crisis, but at least we can inform friends and family of potential ways to hedge against this imminent crisis, and that is buy owning physical silver and investing in some mining companies.

[Montanore]

The forces that are taking it down are artificial and temporary.

Let me add one more thing: They are criminal. But they get away with it because criminals run the show.

[permabear]

My reiterations of fiction may seem that way to you, but I predicted on this very board that we were headed for a nasty correction as the price of silver approached $50. Just go back and look at my posts.

Any time you see a parabolic move, like we saw in silver the last couple weeks, 9 times out of 10, a correction is coming. (Bullish) traders had a magnet taking it to $50. We may all agree that the fundamentals look great for silver going forward. But nothing goes up in a straight line. Increasingly silver has become attractive to investors (whether it be paper or physical). Where investors are dominating a market, it is very prone to both manipulation and profit taking.

Markets often follow trading patterns. Whether it is the stock market, commodity market or whatever. There are going to be upward moves, followed by corrections. As some have pointed out on this board, corrections are actually healthy for the longer term move. Jim Rogers said recently that he was hoping that silver would correct and take it's time going up rather than going straight to $100 for a move like that indicates an ultimate top.

Traders try to play both sides. I generally just maintain a long position unless I feel really strongly that a correction is due. In the case of silver, correction was blinking a flashing red light for those who wanted to see it to get out.

Like I said, silver is going a lot higher. But it isn't going there in a straight line. It will be very turbulent and those who are patient will reap the rewards.