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Precious Metals slip -- More likely it was the short sellers in silver, rushing in to buy as the reality in the risk of the options being called at $45 and $50 with the subsequent demand for delivery, .., that drove the silver spike to nearly $50.
The bears are licking their wounds and trying to figure out what a "Safe" short selling price is. Unfortunately, given the global trials and tribulations ... civil unrest as well as potential government debt downgrades, defaults, and revisions in credit ratings ... there may not be any Safe" short selling price. I believe things will sort themselves out to the plus side ... but it'll take 3 to five years to do that.
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The bears are licking their wounds and trying to figure out what a "Safe" short selling price is. Unfortunately, given the global trials and tribulations ... civil unrest as well as potential government debt downgrades, defaults, and revisions in credit ratings ... there may not be any Safe" short selling price. I believe things will sort themselves out to the plus side ... but it'll take 3 to five years to do that.
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