Discussion in 'Metal Futures' started by peilthetraveler, Nov 4, 2010.
Do I hear $27 per oz? How about $30? I cant wait to break $50 again.
So does this mean you will break even on your purchase of silver in 1980
Nice pull back on the long term trendline today. Looking to get into some miners and ride back up.
Yeah...I cant believe I bought all that silver at $50 per oz in 1980. What a mistake that was! But to be fair...I WAS only 5 years old.
Gold and Silver have had some liquidation in the past week as Gold prices have come down significantly from their highs as this market now trades $1,337, which is almost $100 lower from where the price was last week. "Silver for immediate delivery in London fell 0.3 percent to $25.39 an ounce. It reached a 30-year high of $29.39 last week and is up 50 percent this year. Palladium declined 0.5 percent to $639.50 an ounce. Platinum was little changed at $1,643.38 an ounce after falling as far as $1,625.50, the lowest level since Sept. 28." (1) Gold has huge support at the $1,317 level and I would suggest buying calls when the price gets around this level as prices will likely rebound from the latest sell off. The Euro/USd has been hanging on to slight gains this morning but I believe one can see this market reach $1.3400 today before all is said and done.
Here it is, Copper at $3.65, I didn't really think this would happen that quick but again with these market you just really never know. Equities are right now slightly higher this morning, and I feel Copper has great support at the $3.60 level, so look to either exit shorts or pick some of the base metal back up there.
You copy & paste that from somewhere?
The thread should have been titled, look at Silver fall!
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