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Old 05-08-2011, 04:10 PM  
strobi
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Join Date: Nov 2002
Location: Belgium
Posts: 7,383
Quote:
Originally Posted by Vendot View Post
Silver was majorly inflated. The issue with silver was the fact that margin requirements changed, and that caused a major sell off. Now that they have been changed, im wondering could this be a buying opportunity or does it have further to fall because I doubt they will change again in the near term.

I believe gold has a lot more support as central banks were buying on the dips. Im sure we'll see a correction but I seriously doubt we will see sub $1300 this year. There are just too many buyers out there.
I predict short term, silver will fall to 32$, maybe as low as 28$.

But in the long run, it could go up to 200-500$/ounce... But that's speculating

Just buy gold and thank me in 5 years from now ;)

The commodities bull has an easy 5 years to run!
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