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Replies to post #289 on Goldbears

Replies to #289 on Goldbears
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Rawnoc

10/12/11 4:07 PM

#290 RE: True Blue #289

Me and Warren Buffett are clueless like that.

Even most precious metal investors are smart enough to know that speculation is driving the price rise -- they just think their speculation is correct.

If you find me an actuary on the planet that doesn't understand that, let me know. I would love to meet an actuary that fucking stupid.
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Rawnoc

10/12/11 4:13 PM

#291 RE: True Blue #289

Silver Thursday repeat coming?

"the exchange rules regarding leverage were changed, when COMEX adopted "Silver Rule 7" placing heavy restrictions on the purchase of commodities on margin"
"the price began to fall again, dropping over 50% in just four days"

http://en.wikipedia.org/wiki/Silver_Thursday

Deja Vu?

CFTC has votes to pass position limits

http://www.reuters.com/article/2011/10/11/us-financial-regulation-limits-cftc-idUSTRE79A6GV20111011