Silver approaching $35! I smell inflation. Friday 1/27 update

Dow/S&P: BULL (getting overbought. tighten stops on big winners)
Gold: BULL
Silver: BULL (I want to see it close over $35.00)
GDX, SIL, MOO, IYM: BULL

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[chrism20]

when the US equity markets drops, so will silver like always

[bullorbearreport]

@chrism20 Probably a little. But over the long run Silver/Gold is the last solid currency to outlast all others. So eventually funds will flow into it as a safety haven. It will happen.

[MrErspamer]

Thanks Karl were stacking bought 60 more oz at $26.89

[bullorbearreport]

@MrErspamer Great job!

[newsunit]

I don't know why this silver should be a winner and even if it is the ETF's GLD and SLV are fine. Why own the physical? Just play the paper price. The physical ownership is a game the banks play. The handful of coin collectors across the world can't put a dent in supply. Even Eric Sprott's latest announcement should be taken as bearish more than anything because every time he announced silver going up in the past it went down. Watching for $15 and even $10 myself. I think the DJIA is done

[bullorbearreport]

@newsunit Physical ownership is insurance against a complete Paper collapse of the system. Always nice to have that protection and it prevents you from selling on a whim. If you have to sell the physical it will take a little work and most likely you will just hold it until the end game... If you looking for Silver to Hit $15-$10/oz then the Dow would have to go to 6-7K. I DOUBT the Fed would allow that and you would see QE3 immediately at Dow <10K. Very slim odds of seeing $10. Good luck.

[shakyplaces]

Inflation is definitely on the rise. I went to the grocery store today to pick up some milk. We only drink organic milk because I don't want my kids drinking steroids; well, I've been used to paying 5-6 bucks a gallon for the last 5-6 years. However, today when I was there, I was shocked to see Horizon brand organic milk for $7.50 a gallon! Food and gas prices are killing the average person. It won't be long before people start pulling the plug on their cable to pay for food.

[TheTrueJBV3737]

@newsunit your an idiot.

[desertgreek]

I agree they are going to keep coming up with bull to find a way to keep the system going, look for some sort of really creative way to releverage the debt. Watch for some sort of new investments too, They will invent some sort of fandazled ponzi booster scheme to keep it going, Remember we are the last super power, We have alot of pull, look for war with Iran, especially if they reiect dollars for oil. Hey dont mess with my Superbowl, by the way who do you like?

[desertgreek]

I smell it too, package of breakfast sausage at Wallmart was 1.99, then 2.99 now its 3.99 , Food has gone up alot.

[nextdimensions]

@BElliottP The original "creditor" already sold your account for pennies on the dollar and then wrote the loss off. The new company cannot legally collect what they didn't lend you. Look up the Fair Debt Collections Practices Act. You don't owe them anything and it's actually illegal for them to say so.

[nextdimensions]

Decentralized social networks are the future. Open source software like Diaspora will eventually kill Facebook. Why should everyone use the same central server system to communicate?