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$58-60 silver price by September says Dubai silver trader

ksammutksammut Posts: 1,074 ✭✭✭
in Precious Metals
Here is a story out of Dubai:

$58-60 silver price by September says Dubai silver trader
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Comments

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    That would be nice, but usually when promoted by a trader, you can deduct 25-30% to arrive at what may really happen.. JMO...
    Cheers, RickO
  • Coins101Coins101 Posts: 2,602 ✭✭✭


    << <i>That would be nice, but usually when promoted by a trader, you can deduct 25-30% to arrive at what may really happen.. JMO...
    Cheers, RickO >>



    I could live with silver at the $42 - $45 range by September. image
  • CoynCoyn Posts: 194
    I'd consider it a more bullish sign if Goldman Sachs issued a sell recommendation.
  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    That would be great, but he's a silver trader
    and capable of possibly being
    one of those market manipulators !!!
    Timbuk3
  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    What does a Dubai silver trader know about dollars? I'm sticking with $75 price before 2013.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • HalfStrikeHalfStrike Posts: 2,202 ✭✭✭
    Be careful taking financial advice out of Dubai, lol.
  • DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭


    << <i>I'd consider it a more bullish sign if Goldman Sachs issued a sell recommendation. >>



    Yea....or Cramer (and possibly Gartman for that matter).
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
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