Interesting comment on an ounce of Silver being worth 4 times as much as a shave and haircut, because of "Shave and a Haircut- two bits".
They obviously aren't talking about a haircut in Canberra. I was charged $25 for #3 clippers the other week. I was unaware the business was under new management and didn't think to confirm the price before I sat down.
Nice article....come to think of it I can't get a cut/wash for under 20 in Sydney, 25+ at most places...so silver should be 100AUD/oz
This situation is almost laughable. Why would any professional trader be complaining if they had shorted silver at $50.00 US. They have managed to pick up a very safe 5-10%. If it actually happened. Silver was driven firmly by buyers to the mid to high 40's. With no reversal in sight a trader would have taken a very deep breath before shorting, particularly with the price movement being on thin trading over a holiday weekend.
Thanks Nugget, This article is tremendous - one of the clearest summaries of the current silver situation that I have read all year. Turk
