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Silver hits $30

Discussion in 'Financial Cents' started by fireplaceguy, Dec 6, 2010.

  1. fireplaceguy

    fireplaceguy Monkey+

    Just now at Kitco.
  2. NVBeav

    NVBeav Monkey+++

    It is a pretty big milepost to pass. No telling where it will go from here - time to make plans on what to do with my miniscule investment (perhaps a 24" flat screen television :^)
  3. SLugomist

    SLugomist Monkey++

    50%+ gain! now who to sell it too?
  4. NVBeav

    NVBeav Monkey+++

    After taxes and sales commissions, there aren't many clams left over if you go to the local broker.
  5. Bear

    Bear Monkey+++ Site Supporter+++ Founding Member Iron Monkey

    Sure didn't last long....
  6. UGRev

    UGRev Get on with it!

    such manipulation.. it's so effin obvious.
  7. Bear

    Bear Monkey+++ Site Supporter+++ Founding Member Iron Monkey

    It'll be back up again over $30 and stay there before the year ends ...
    I remember watching and thinking the same thing around $10 :0)
  8. UGRev

    UGRev Get on with it!

    Oh I know it will.. it just blatant, in your face, manipulation taking it down 2.3 dollars in 2-5 minutes.. really?

  9. Bear

    Bear Monkey+++ Site Supporter+++ Founding Member Iron Monkey

    It's the speed of digital representations of physical wealth and the illusion of reality that it has come to represent for so many...
    Unfortunately, its become frighteningly easy to electronically manipulate and therefore a fragile reality at best for most who rely solely on it for their life and future...
    Although most aren't even aware and prefer not to know... cause up to now and maybe for a while... its been a good ride... and the steak and wine taste good.... (Matrix is such a good analogy for this :0)
    I think things can be controlled, directed and shut down with a simple keystroke or flip of a switch...
    But that's just me.... JMHO...[loco]
    "Slow Burn"..... Sucks!
  10. ghrit

    ghrit Ambulatory anachronism Administrator Founding Member

    Plain and simple profit taking in the commodity markets.
  11. UGRev

    UGRev Get on with it!

    On a rumor of profit taking. Rumors are manipulation too..
  12. Bear

    Bear Monkey+++ Site Supporter+++ Founding Member Iron Monkey

    There will be profit taking all the way up and down... That's the whole reason behind manipulation... Always follow the money... directly or indirectly....
  13. melbo

    melbo Hunter Gatherer Administrator Founding Member

    Steps are being taken to maintain the integrity of the system.
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