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Originally posted by chocise
My guess would be it can't continue...
On another note, and something that Pritcher piece mentioned in its last paragraph was something about Armageddon... that if things did pan out badly no one would be around to cash in on anything!
Originally posted by AmethystSD
I don't know if anyone on ATS has posted about this yet, but IMO, it doesn't deserve its own thread, so I'm posting it here.
Red Alert email Confiscation of Gold and Silver
Honestly, I read it as a panic move by those who have been trying so hard to keep the price of silver and gold down. If this is such a likely scenario, then I guess those "Cash for Gold" kiosk owners are going to be really hurting, but wait. I'll bet they are one and the same as the spreaders of this fear-mongering. Don't let them fool you, they just want to make sure they have all of the gold and silver they can have, before they let the price rise to its natural value.
This is just like when Nathan Rothschild started selling his shares after Napoleon's defeat. IMO.
I take this as a sign that we are getting very close.
We’ve previously commented on the possibility of gold confiscation and other steps that may be taken by our financier controlled government in the event that gold does reach certain thresholds. Reaching these new thresholds, for example $2000 or $5000 per ounce, would suggest that the US dollar has likely crashed or begun a final collapse into oblivion, at which point, all credibility for this unit of exchange will have been lost in the eyes of the rest of the world. Will this lead to confiscation? Even David Morgan himself, in a recent Youtube interview, suggested that confiscation in the traditional sense was “ridiculous” and an argument that he doesn’t buy.
Originally posted by manta78
reply to post by JR MacBeth
Interesting conversation today with a coin dealer. He has been around a long time, and is firmly convinced that silver will be around $50 per ounce by the end of this year, and over $100 per ounce sometime in 2012....
edit on 3/11/2011 by manta78 because: (no reason given)
2nd is 40.00 Strike with 5982 contracts ( whooa! - Joey Lawrence style )
I am assuming someone has put on a massive vertical call spread here. Great trade in hindsight, although still a few dollars away from being worth a whole hell of a lot more.