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cbwang888 (25.48)

$30/oz silver. Sooner than I predict

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December 06, 2010 – Comments (8) | RELATED TICKERS: GLD , SLV , GDX

 

Just a week ago, I observed the SLV call options activities and think silver will trade above $30/oz in December even with stronger USD.

It hits $30.06/oz today

 

I also stick to my $1500/oz gold target by the end of the year.

Now rumors have QE3 ...

8 Comments – Post Your Own

#1) On December 06, 2010 at 12:02 PM, outoffocus (23.24) wrote:

Nah it seems your prediction was right on point.  You said $30 by the end of 2010.  Seems pretty spot on.

Yea I heard Bernanke say that $600 billion QE was not enough.  (Wondering who is surprised by this).   But in the meantime I have to listen to the media lie to the people about why food and gas prices are so high.  smh

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#2) On December 06, 2010 at 12:06 PM, EPS100Momentum (72.58) wrote:

EXK, HL,  FRMSF are 3 miners that should be on your wish list.

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#3) On December 06, 2010 at 12:26 PM, workfor (< 20) wrote:

Brace yourselves for more silver market take-down attempts and volatility as the imminent silver squeeze is happening here and now! Buy the dips. As Sinch says: "stay long and strong".

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#4) On December 06, 2010 at 1:49 PM, outoffocus (23.24) wrote:

I just took some profit. Now I need another pullback.

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#5) On December 06, 2010 at 2:11 PM, cbwang888 (25.48) wrote:

I don't want to miss any huge upside (short squeezing) so I will now buy both out-of-money calls and puts to gain leverage and protection...

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#6) On December 06, 2010 at 4:16 PM, lemoneater (69.98) wrote:

Good call on silver.

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#7) On December 06, 2010 at 8:03 PM, jesusfreakinco (28.98) wrote:

:-)

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#8) On December 06, 2010 at 8:16 PM, NOTvuffett (< 20) wrote:

This silver price is making me very nervous, I am giving serious thought to selling my silver shares now even though I could miss some gains.

 

 

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