Silver Closes Well Above $30 As The Dip Is Now Fully Bought

Only gold and silver are real money:

Gold Game Changer: JP Morgan Accepts Bullion as Money

I’ve told you a long time ago that for the elitists only gold and silver are money, everything else is just (worthless) paper to them.


It looks like the much maligned correction in silver is over. After surging nearly 3% on the day, silver is now back above the 20, 50 and 100 DMAs, and what was formerly resistance is now support. In fact, silver is less than $1 away from its recent nominal highs of $31.2375.

It appears that speculators have Bought TFD with a vengeance. Hopefully, this also explains the massive silver purchases disclosed by the Mint (already at 838,000 ounces for February) and presented previously on Zero Hedge.

Submitted by Tyler Durden on 02/08/2011 14:14 -0500

Source: ZeroHedge

Related information:

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Gold:

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And don’t forget to do this (!!!)…

James G. Rickards of Omnis Inc.: Get Your Gold Out Of The Banking System

… or …

US DEPARTMENT OF HOMELAND SECURITY HAS TOLD BANKS – IN WRITING – IT MAY INSPECT SAFE DEPOSIT BOXES WITHOUT WARRANT AND SIEZE ANY GOLD, SILVER, GUNS OR OTHER VALUABLES IT FINDS INSIDE THOSE BOXES!

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