Kind of regret hanging onto so many 1oz Dragons instead of flipping them for 4oz each.
$46 USD
- Thread starter Stedlar
- Start date
Everyone is scared of a correction but the factors driving silver up are the same as those driving the AUD up. Should the USofA come good and silver drops, then the AUD will drop as well, somewhat protecting our position.
There is over a $3 differential for an ounce of silver between USD and AUD. Should silver drop by over $3, I would expect parity between the dollars.
There is over a $3 differential for an ounce of silver between USD and AUD. Should silver drop by over $3, I would expect parity between the dollars.
Stedlar
Active Member
intelligencer said:benjamind2010 said:
Nah... wait it out. Deflation is just around the corner and the USD is just in a bear trap. Watch it soar and silver crash. Ignore silver, it's in a bubble and overdue for a crash.
Get out of metals and into the USD. Forget silver which you'll be able to buy for peanuts soon. Don't get swept up in the mania.
Remind you of something
Very.
Remember that this isn't so much gold and silver taking off into a bubble, it's the USD crumbling.
intelligencer said:benjamind2010 said:
Nah... wait it out. Deflation is just around the corner and the USD is just in a bear trap. Watch it soar and silver crash. Ignore silver, it's in a bubble and overdue for a crash.
Get out of metals and into the USD. Forget silver which you'll be able to buy for peanuts soon. Don't get swept up in the mania.
Remind you of something
Yes you say that, but you aren't selling anything to us here lately.
Contrarian
New Member
Silverrider said:
Every booming market feels different at the time.
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I hope it drops to 30... boy oh boy would I be going out of my way to buy.
What is the opposite of a bubble, a negative bubble where prices fall more than they should as people rush out?
Maybe that will happen, making the price further lower than it already ought to be!
What is the opposite of a bubble, a negative bubble where prices fall more than they should as people rush out?
Maybe that will happen, making the price further lower than it already ought to be!
Cinvalo
Member
I don't think anyone can appreciate this upside move in silver if they have not heard of the massive short position held by JP Morgan Chase in particular. Personally i don't see any correction downward but a sharp up trend sometimes soon. There are so many factors supporting the fundamental of silver. One think we are certain is that we will continue to face a more and more serious of debasement of our currency supply. More Heart breathing things will take place which we cannot accept it at the present stage psychologically, just like we cannot accept a $44.6 AUD when we are at $4.07 sometimes back in 2002. There is a very high chance we will see USD plummet in the coming months.The current move of putting a USD government's AAA rating on negative credit watch is nothing comparable to what is going to happen. Imagine a waterfall like decline in USD sometimes soon, $50USD will sounds too good to be true.
if what Laurence Kotlikoff was talking about yesterday comes to fruition, we could be saying we hadn't seen anything yet!
Laurence Kotlikoff is a Professor of Economics at Boston University, and when asked about the bond market, he told Bloomberg that a "bond market crash" would occur in the next few days"
Laurence Kotlikoff is a Professor of Economics at Boston University, and when asked about the bond market, he told Bloomberg that a "bond market crash" would occur in the next few days"
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JulieW said:
Doesn't everyone ?
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Aengrod said:Euros hereprice aint going up so violent as in USD, therefore i cant get heart attack
Ah just give it a few week's and keep your medication handy.
southerncross said:
Upper Left corner is Silver in USD and upper right is Gold in USD on my comp -
i check the charts and compare all the curves that other currencies make once a day.
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THUCYDIDES79 said:
The U.S Dollar is becoming more or less irrelevant as time goes on, I have both charts listed in $AU as that is the fiat I make and spend , It also helps me to get a grip on the crappy exchange rate I get from Paypal when buying Silver from O.S as well.
Royalewithcheese
New Member
I don't see the US recovering anytime soon. Their proposed budget drafts see their debt in the order of 10 trillion dollars, with revenue in the order of low single digit trillions.
Two years back I think the AUD was 0.73 USD says it all.
Two years back I think the AUD was 0.73 USD says it all.