Melbrad..I think Auspm was the first person that posted on here about backing up the truck and It certainly wasn't intended for people to rush out and buy silver..It was in joke form just as like telling the tax dept that your boat has sunk taking all your silver with it. Some small stackers have been buying perhaps 1 to 10ozs a month for the last 3 or 4 years. To them back up the truck means to buy another extra oz or two. In the early years of this site, I think there was a lot more small stackers, but since then a lot of SMSF monies have gone into silver in which case it means a lot to people backing silver/gold against the established super funds which invest in real estate, bonds and the stock market. This is only my assumption and I could well be wrong. Regards Errol 43
MF Global collapses, stealing clients gold and silver. Of course there will be huge loss of confidence in silver futures and derivatives among investors. Of course the prices will fall to reflect this. JPM will amplify this for their own ends, it plays right into their hands, in fact they no doubt had a lot to do with it. We all knew that the paper market's days were numbered, it is crooked and must eventually reach it's conclusion. Don't look at who's selling paper silver, look at who's buying physical silver and from where. Reportedly China is approaching miners directly to buy their metal, bypassing the comex. To find out the future of gold and silver, look at who is buying it, not who is selling it.
Nice birthday Gift for me Order 60oz today and going to pick up my Perth Mint Lunar Dragon 9 Coin Coloured Silver Set later next week
paper spots prices is now lower, but dealers price went back up. may be ...may be.. lucky to have some
There is a reason the rebound stopped there. There is a resistance at the 0.618 fibonacci retracement. We shall see now whether there is enough buying force to break it. If it hesitates there too long (usually 4~6 hours), it will turn back.
