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interesting with gold and silver today (paper trades)

most all commodities are down even after the treasury blew the floodgates sending billions all across the world.

silver is trading down, yet gold is trading up.

will silver wind up being priced as a mere commodity, similar to platinum, rhodium and palladium as this recession furthur unfolds?

consumer demand is in pucker mode right now.

stocks with earnings, profits, better sales/earnings ratios are even trading down as much as 25% in this market.

Comments

  • There will be bargains to be had when the market upturns, which looks to be quite a way down the road.
    Witty sig line currently under construction. Thank you for your patience.
  • ProofCollectionProofCollection Posts: 6,246 ✭✭✭✭✭
    Silver will eventually follow any trend the gold goes into, especially if gold soars.

    That's because as gold soars investors will turn to alternatives, and industry hypsters will start pushing the alternatives.

    You'll know to sell when PM's are discussed among regular people like real estate was THE SUBJECT 3 years ago.
  • I wouldn't put too much credibility in the futures price-- these days 'real world' silver bullion isn't easy to acquire anywhere near spot.
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