Silver at $33.91 Up $1.25.....GOLD $1406.00 Silver Now ($35.37)

[jeff of pa]

Middle Eastern tensions will continue to benefit precious metals prices

Kitco News) -- The political unrest in the Middle East has seen governments act swiftly to try and snuff out any protests that could lead to large scale protests as seen in Tunisia and Egypt, said MKS. Without an end in sight, precious metals prices performed well over the last week and are expected to continue on that the upward trend. “The unrest is likely to see the precious metals and oil price well bid for the foreseeable future,” MKS said. Silver hit 31 year highs at $33.40, doubling its price from last year. Palladium touched a ten year high at $858.00 and gold has been trading over $1400.00. US markets are open tomorrow and the precious metals are expected to continue their bull run as safe haven buying, said MKS.

http://www.kitco.com/reports/KitcoNewsMarketNuggets20110221.html

 

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[FreedomUIC]

Re: Silver at $33.91 Up $1.25.....GOLD $1406.00

Down this morning but I am guessing it is people taking a profit.

Kitco shut down yesterday around 2:00, either computer problem or they were overwhelmed but all dealers stopped buying/selling
and shut down shop. It was a very interesting scenario and raises quite a few questions about Silver still being manipulated as
Silver EFT's are coming due and there is not enough physical Silver go cover them.

From all that I have read and heard, Silver will out produce Gold this year hands down.

 

[jeff of pa]

Re: Silver at $33.91 Up $1.25.....GOLD $1406.00

Yes I Believe there is alot Of manipulation in the Silver Market
Especially by those Selling silver on Paper.

Evertime it rises Someone Probably
prints up a few million
more Paper Ounces.

(If the Economy does Tank, Let's see these People
with Paper that has the word
Silver on it, Barter for food to live )
I'll give them a silver dime for their Entire portfolios !

NOT !!!!!!​

Let it rise a Little, Gotta get most of the Silver
out there in Private Hands

Everyone decides to
Sell and make a Profit so it drops & They
break Even

& your right People get greedy & Take Profits
as soon as it Starts Rising.

It's like they don't Want to make Big money.


Gold is already at amazing record Highs.
Silver should be at ,
at least $150

 

[cyberdan]

Re: Silver at $33.91 Up $1.25.....GOLD $1406.00

Friday I decided to sell of some metals. I figuered G & S were at a pretty good high and would hover there or dip.

at noon gold was about $1380 and silver at about 32&change

I probably would have gotten $50 - 60 more

 

[StevoCBR]

Re: Silver at $33.91 Up $1.25.....GOLD $1406.00

Silver will be $40-$50 by the end of March. The squeeze is on...full court press style.

 

[FreedomUIC]

Re: Silver at $33.91 Up $1.25.....GOLD $1406.00

Wow, 34.26 this morning at 6:20. Glad I bought some when it was in the 16's......Just not enough as I thought it was a little
high at that point.

 

[ramjet2187]

Re: Silver at $33.91 Up $1.25.....GOLD $1406.00

$34.45

 

[FreedomUIC]

Re: Silver at $33.91 Up $1.25.....GOLD $1406.00

It is kind of a "Bitter Sweet" type deal. Higher prices in PM's mean the confidence in our dollar is falling....

Just read that end of March deliveries for Silver is approaching $50.00, last quote was 47.98 for March delivery.

 

[treasuredog]

Re: Silver at $33.91 Up $1.25.....GOLD $1406.00

I sold my common silver yesterday and got 675.15. 21xface.(14.40 dime=302.40,10.25 qtrs=215.25,6.00halves=126.00,1 silver dollar=21.00,and 1.05 canadian=10.50). Dates 1940 and higher. Coins from detecting and change. I saved them from the mid 70's till now. I saved my old coins,1940 and earlier.Im happy,I needed it to help buy a vehicle.

 

[StevoCBR]

Re: Silver at $33.91 Up $1.25.....GOLD $1406.00

It is kind of a "Bitter Sweet" type deal. Higher prices in PM's mean the confidence in our dollar is falling....

Just read that end of March deliveries for Silver is approaching $50.00, last quote was 47.98 for March delivery.

Wow can u post the link, I would like to read it. I haven't read that anywhere i go for info.

 

[crazyjarhead]

Re: Silver at $33.91 Up $1.25.....GOLD $1406.00

CRH here I come That's insane. Nearly 50 buck by April

 

[FreedomUIC]

Re: Silver at $33.91 Up $1.25.....GOLD $1406.00

It is kind of a "Bitter Sweet" type deal. Higher prices in PM's mean the confidence in our dollar is falling....

Just read that end of March deliveries for Silver is approaching $50.00, last quote was 47.98 for March delivery.

Wow can u post the link, I would like to read it. I haven't read that anywhere i go for info.

I can send you the link tonight (other computer). Somebody on here posted a blog site which gives a daily
summary of PM's and what they are currently doing, it pointed to an article and futures for Silver. Current bid
at the time was 47.98 for March delivery and the banks can seem to put any brakes on the forward momentum.

 

[StevoCBR]

Re: Silver at $33.91 Up $1.25.....GOLD $1406.00

$35.28

 

[jeff of pa]

Re: Silver at $33.91 Up $1.25.....GOLD $1406.00

$35.28

US War Nickel almost $2.00

1942-1945 Nickel ** $0.05 $1.9866

 

[FreedomUIC]

And now another way point has come and gone. Took everything I had not to sell some off, I just have a gut feeling it
is going to go higher and higher, possibly $70 by the end of the year.

 

[rockhound]

One investor has bought over 2 billion dollars in gold, because he believes that gold will peak at or over $2000 an ounce before this years end. rockhound

 

[StevoCBR]

$36.37