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REPORT ABUSIVE REPLY
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Message Subject
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Final gold and silver plunge coming up soon?
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Poster Handle
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Punk-A$$ets |
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Post Content
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I believe the (recent) low for gold & silver has already happened. That was in July(?) of this year when gold was $1225 and silver was $17 (spot).
IMO, it'll never go lower than that, in dollars, because of upcoming economic failure and hyperinflation; when the value of the dollar takes a dive when China unveils it's gold-backed Yuan as the new world currency.
But right now, while the USD, Euro and Yen still retain value, it's still a good time to buy PMs. Physical, that is.
Quoting: Sikhed Could be the lows are in but we've been making lower lows and lower highs in both metals since the end of august. All this and we're still not breaking the down trend lines/ arcs established long ago. I see this as people selling when those trend lines are hit. We need to breech those down trends. I keep stacking, month after month, year after year.
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