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Another bubble? Gold and silver going through the roof

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n2doc Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 02:14 PM
Original message
Another bubble? Gold and silver going through the roof
Au-1472/oz at the moment


Ag- 41.70 at the moment


Looks like a lot of tech stock charts looked before 2001.....
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AlabamaLibrul Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 02:15 PM
Response to Original message
1. Those aren't inflation adjusted, although silver is nearing if not right around record highs n/t
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AC_Mem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 02:15 PM
Response to Original message
2. You know what they say...
What goes up, must come down.

Annette
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MineralMan Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 02:16 PM
Response to Original message
3. I'm going to wait a little longer, so I can buy at the peak.
:rofl:
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JohnnyRingo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 02:38 PM
Response to Reply #3
7. You stole my investment stategy.
You must be looking over my shoulder at my OptionsXpress screen. How do you do that?
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MineralMan Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 02:41 PM
Response to Reply #7
9. That's how I've lost my millions. Not everyone can do it, though.
In reality, I think I'll go through my wife's jewelry while she's out of town this weekend. I need some new fishing tackle. :rofl:
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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 02:40 PM
Response to Reply #3
8. I'm an expert at that...
A lot of experience from the dot.com bust. :-)
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MineralMan Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 02:42 PM
Response to Reply #8
10. We're a rare breed. Not many can predict a peak accurately.
I'm so proud that I'm one of the few.
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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 02:17 PM
Response to Original message
4. Very possibly.
The only other thing going up right now is oil.
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Renew Deal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 02:18 PM
Response to Original message
5. If the US defaults...
:hide:
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JohnnyRingo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 02:36 PM
Response to Original message
6. I think it will be oil (again)
With futures being pushed artificially through the roof, mutual funds and speculators using pension money are seeing it as a quick short term buck. Experts are predicting they will continue to rise throughout the summer, and it takes the edge off when it's someone Else's money, but when the music stops investors will be surprised as usual that there are so few seats left. this prediction that futures will keep rising may be part of the overall ruse.

The oil bubble is a financial time bomb that will leave many holding a bag that's worth much less than they paid and will send fragments throughout the market affecting even precious metal commodities. These pre-fab bubbles are a relatively newfound game for the Wall Street gangs and should be regulated out of existence. It's often overlooked that when someone loses their shirt, someone else gets a new wardrobe, and it's never by accident but through manipulation.

Oil is particularly damaging to our economy because we no longer back our currency in gold, but petrodollars. For that reason, oil futures should be more carefully regulated, much as the Chinese do the price of plastic tchochkas.
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crickets Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 03:56 PM
Response to Reply #6
12. +1
Unfortunately, the more necessary the regulation the less likely we are to see it these days.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 02:44 PM
Response to Original message
11. I'm rich!!!!!
All those fillings in my teeth are approaching what I paid the dentist for them.
whoopeee!!!!
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