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popeye
Friday, March 7, 2008, 5:41:33pm Report to Moderator
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Today gold closed down $1.50 at $972.40 and silver closed unchanged at $20.14.  For the week gold closed down $1.90 and silver closed up .33.  During the past 12 weeks silver went up 10 times and down twice.  The up average per week was .659 and the down average was .13.  During the same time period gold went up eight  times and down four times.  The up average per week was $26.72 and the down average was $8.77.

The Bullion Banks are losing billions and getting desperate.  All lease forward rates are in the negative with the exception of the one year rate which is very close.
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popeye
Friday, March 7, 2008, 6:28:02pm Report to Moderator
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It looks like some profit taking hit platinum today.  Platinum was down $136.00 at $2,025.
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popeye
Monday, March 10, 2008, 4:24:00pm Report to Moderator
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Today gold closed up .60 at $973.00 and silver closed down .46 at $19.69 after being down as much as .94.  The paper players are still scrambling and losing billions while trying to satisfy their short contracts.
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popeye
Tuesday, March 11, 2008, 9:04:48am Report to Moderator
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This morning silver was up as much as 63 cents before the Bullion banks took over.  Currently silver is down 20 cents for an 83 cent swing in an hour and forty minutes.
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popeye
Tuesday, March 11, 2008, 4:18:23pm Report to Moderator
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Today gold closed up .20 at $973.20 and silver closed down .02 at $19.66.
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Sapper
Wednesday, March 12, 2008, 2:29:12am Report to Moderator
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Apparently, we aer getting into period of sideway movement (or slightly down). Whether ther is a sharp sell-off, hard to tell, but it may not to occur in this time.
FTS


The trick is to be buyin' when everyone's cryin'.
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popeye
Wednesday, March 12, 2008, 4:19:27pm Report to Moderator
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Today gold closed up $10.20 at $983.40 and silver closed up .35 at $20.01.  So far this week gold is up $11.00 and silver is down .13.
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popeye
Thursday, March 13, 2008, 6:55:29am Report to Moderator
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Currently silver is up .85 at $20.86 in London.
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popeye
Thursday, March 13, 2008, 9:09:14am Report to Moderator
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So far this year gold has gained 18.7% and silver 40.2%
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Sapper
Thursday, March 13, 2008, 9:28:58am Report to Moderator
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Most-active April gold futures hit the much-anticipated $1,000-per-ounce level on the Comex division of the New York Mercantile Exchange Thursday.

http://online.wsj.com/article/SB120541155118633209.html?mod=googlenews_wsj
So, what's next?


The trick is to be buyin' when everyone's cryin'.
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popeye
Thursday, March 13, 2008, 9:58:48am Report to Moderator
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Next is for the daily bullion price to hit $1,000.00.
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popeye
Thursday, March 13, 2008, 4:26:28pm Report to Moderator
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Today gold closed up $11.70 at $995.10 and silver closed up .55 at $20.56.  So far this week gold is up $22.70 and silver is up .42.
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popeye
Friday, March 14, 2008, 8:50:16am Report to Moderator
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All silver lease forward rates have increased for the third day in a row.  For the 1st time in weeks  the bullion Banks are no longer paying the paper players to enter contracts.  The rates are still within reason but if this continues there will be a sharp spike in the price of silver in the very near future.
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popeye
Friday, March 14, 2008, 3:24:25pm Report to Moderator
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Sapper, absolutely.   The shorts will be forced to pay in gold and silver (which they do not have) or cover in cash.  This should force the PM price up sharply.  The short holders have been covering for about seven weeks now and during that time gold has gone from $880.50 to the current $1,000.00 and silver has gone from $16.09 to the current $20.62.  The covering has only just begun.  It should go on for several more weeks.
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popeye
Friday, March 14, 2008, 4:18:48pm Report to Moderator
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Today gold closed up $7.40 at $1002.50 and silver closed up .11 at $20.67.  For the week gold is up $30.10 and silver is up .53.
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