Silver to $5??? then $75!

Discussion in 'Silver' started by Lucky, Aug 9, 2011.

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  1. Lucky

    Lucky Well-Known Member Silver Stacker

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    http://www.marketoracle.co.uk/Article29760.html

    Am i missing something here? David Morgan

    Edited today....i thought he said it was going to drop to $5 but rather he says it will drop by $5 then off to $75 as pointed out by AustralianAustrian below. Thanks!
     
    Lucky, Aug 9, 2011
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  2. Silverthorn

    Silverthorn Well-Known Member

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    That's covering all your bases. Anything from 5-75 and he's all good.
     
    Silverthorn, Aug 9, 2011
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  3. Guest

    Guest Guest

    Bob Chapman dismisses David Morgan as unprofessional, so do I.
     
    Guest, Aug 9, 2011
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  4. hem9

    hem9 Active Member Silver Stacker

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    I will say anywhere from $.01 - $10,000
     
    hem9, Aug 9, 2011
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  5. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

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    I think that you could be on the money there hem9.
     
    Naphthalene Man, Aug 9, 2011
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  6. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    Thats a 7 orders of magnitude spread !!!
     
    THUCYDIDES79, Aug 9, 2011
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  7. Matthew 26:14

    Matthew 26:14 New Member

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    My guess is silver will be worth between nothing and something.
     
    Matthew 26:14, Aug 9, 2011
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  8. Old Codger

    Old Codger Active Member Silver Stacker

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    If Silver ever got to $5 any time soon I would re-mortgage the house!!!!

    Maybe not, that just reminded me of a workmate in the Bank back in the 'Nickel Boom'. He had just recently paid off his house when Poseidon insanity hit.

    He re-mortgaged the house and put the lot on it at about $280 a share.

    Crashed about a week later!


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


    Wow! What a time it was. Now that was a REAL "bubble"


    OC
     
    Old Codger, Aug 9, 2011
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  9. Nukz

    Nukz New Member

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    This prediction is assuming a recession i think and since its become evident the fed will look at QE3 then i dont think it will drop this far.

    Im going to sell at $70 soon, Bob said it will be there in the short term so im holding out.
     
    Nukz, Aug 9, 2011
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  10. MelbBrad

    MelbBrad New Member

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    Where is he now? How's he traveling? My dad tells me of the Poseidon boom. He had a great ride, got out before it peaked; much to the merriment of his fellow policemen investors.. He only held for about 2-3 months, I think. All before I was born. They stayed, and they're still working. Dad retired at 51. Nice.
     
    MelbBrad, Aug 9, 2011
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  11. Old Codger

    Old Codger Active Member Silver Stacker

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    MelbBrad,

    I have no idea what happened to him, but he was about 50+ at the time in the early 1970s. I did hear that it all cost him his marriage, but I don't know it that is true.

    He is probably dead by now.



    OC
     
    Old Codger, Aug 9, 2011
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  12. Mattlyndy

    Mattlyndy Member Silver Stacker

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    My uncle talks about people driving around in brand new sports cars with "Thank-you Poseidon" written on the back window.
     
    Mattlyndy, Aug 10, 2011
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  13. Lucky

    Lucky Well-Known Member Silver Stacker

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    Yeah, I just found it a bit strange coming from Mr Morgan one of Mike Maloney mates. Its anyones guess.
     
    Lucky, Aug 10, 2011
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  14. MelbBrad

    MelbBrad New Member

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    Ouch.
     
    MelbBrad, Aug 10, 2011
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  15. AustralianAustrian

    AustralianAustrian Active Member

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    Just to clarify. David Morgan never said silver will drop to $5. He said it may drop BY $5.
     
    AustralianAustrian, Aug 10, 2011
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  16. Lucky

    Lucky Well-Known Member Silver Stacker

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    lol thanks i thought it seemed a bit funny. Thats why in my original post i asked "am i missing something" Cant believe i didnt see that. Seems no one else did either. Well a $5 dollar pull back then blast off to $75 sounds great to me!!
     
    Lucky, Aug 10, 2011
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  17. Silverthorn

    Silverthorn Well-Known Member

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    Seems to be saying to $5 to me.

     
    Silverthorn, Aug 10, 2011
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  18. goldpanner

    goldpanner New Member

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    Location:
    Beyond the Black Stump....
    I reckon he is saying drop down to $5 an ounce unless the whole thing has been badly written in the first place.
    Sounds a bit ludicrous though - at that price who wouldn't mortgage their house to buy silver!
     
    goldpanner, Aug 10, 2011
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  19. Lucky

    Lucky Well-Known Member Silver Stacker

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    yeah im thinking the whole thing has been badly written. Has to be....doesnt it?...surely....but bring on $75 any day!
     
    Lucky, Aug 10, 2011
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  20. AustralianAustrian

    AustralianAustrian Active Member

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    A few paragraphs later he refers to downside movement and says:

    "You could see gold and silver react to the downside, perhaps dramatically$5/ounce (oz.) silver is not entirely out of the realm of possibility."

    I think its safe to say it is a poorly constructed sentence ... but geez...it doesnt take much to get people to stress out ... you'd think we're in a depression or something :)
     
    AustralianAustrian, Aug 10, 2011
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