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Silver taking it again

May 3, 2011

My feeling is that we will see silver futures hit 40 before we find a bottom here. The dollar is bid and futures are around 43.30 now. The dollar has been really beat up and while the trend will remain down it’s fair to expect an uptick or two here. I think it will provide some solid entry points here for silver, gold and possibly oil.

eBay is still pricing silver at $50-55 an ounce minimum (coins, bars, etc).

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