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Discussion Starter · #1 ·
With the jobs report that just came out the metals took a quick jump. Silver and gold have been sideways for a couple of months now but with these new indications of our troubled economy I am wondering if the metals are ready to continue their climb and the recent 'buying opportunity' is over.

$38 is going to be a major indicator for silver and if it clears that hurdle we could be in for a large increase in value against the fiat currencies.

I wish I hadn't eaten all of mine 'cause it is going to get expensive to replace.:rolleyes:
 

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Actually, I think that all of the shiny metal is stupid, so I'm really not so upset about losing all of mine. Now those green papers, they're something else!
 

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Discussion Starter · #5 ·
Is now a good time to buy or should one wait for another pullback?
Now is probably a good time to buy, but it is a tough call. Traditionally this time of year is a slow time for PMs, but silver is up $2.49 this week and gold $48. Values have been sideways for a couple of months now. I think PMs are on their way up, at least slow and steady. If we have begun a run and they pass the $38 number they could take off. Any thing that happens with the Euro, Greece, Portugal or the debt limits and budget concerns could affect the flow as well.

3 month kitco charts
http://www.kitco.com/scripts/hist_charts/monthly_graphs.plx

1 year kitco chart
http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx

http://www.monex.com/pmr
 
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