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Bullboard - Stock Discussion Forum SciQuest SQI

"SciQuest Inc provides cloud-based business automation solutions for spend management. Its offers procurement solutions, spend analysis solutions, supplier management solutions, contract lifecycle management solutions, & accounts payable solutions."

NDAQ:SQI - Post Discussion

SciQuest > Metals getting hammered.....
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Post by SLAPSHOT69 on Sep 26, 2011 8:28am

Metals getting hammered.....

Let's see how this holds up as silver plummets to 20 bucks............back down to 20cents .....IF we're lucky!
All IMHO
Slappy
Comment by kaosblues on Sep 27, 2011 11:54am
Silver going to $20 dollars???    I highly doubt it but even so it would be very temporary.   As usual at the first hint of volatility, the lemmings are running to the sea if only in thought...get a grip look at the fundamentals of why gold and silver have risen so sharply over the past ten years or so.  The US dollar is in the worst shape ever because they simply don ...more  
Comment by zzzman on Sep 27, 2011 4:13pm
From September 2010 to date gold is up $333.40 over the year.  Silver in September 2010 silver was trading at $19.50.  They were due for corrections and a lot of speculators got caught with their pants down and I would be willing to be there were a lot of margin calls.  The source for my  yearly quotes for both silver and gold is kitco.comTruman said, "if you can't ...more  
Comment by kaosblues on Sep 28, 2011 12:10pm
Nothing you have said here is contrary to the thrust of my position.  Indeed, your facts quoted from Kitco are in support of it.  I agree some speculators got caught with their pants down in the latest pullback, but if you are a gambling man now is probably as good a time as any to let a fairly good chunk of your assetts ride on the expectation of serious gold and ...more  
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