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JPMorgan Chase & Co. Message Board

  • wynter_benton wynter_benton Sep 9, 2011 10:17 AM Flag

    Why is the mighty Morgue about to make a 52 week low?

    Not even that POS BAC is close to the 52 week low, nor are the Dow, S&P, or the NAZ close to the 52 week low. So why is The Morgue about to go below $32? What will happen this weekend that might send The Morgue below $30 next week and perhaps into the teens by earnings date? Whatever can it be?

    Yet some here still doubt that the Morgue will


    .........do da, do da..........

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    • hi Wynter,

      if greece explodes, silver may go down/up, but gold will have a better chance go up. So holding gold is a better choice now?

    • Sounding a little more confident today WB. The last couple of messages you sounded a little nervous.

      • 1 Reply to screwtape_files
      • You always have to be nervous dealing with The Morgue. If Greece blows up this weekend, we wouldnt be surprised to see the Dow open down 1000 and silver is back under $36. Of course within 2 days silver will be back over $40 and within a week be back at $50.

        On the other hand, we can also see the scenario where Greece blows up this weekend and silver opens up at $46 and closes right under $50 this Monday. In other words, The Morgue can slam silver under the guise that everything else is falling too even though the news should be good for silver.

        Look at what happened to gold when the SNB pegged its currency to the Euro. Gold got clocked when it should have soared.

        If Greece does default this weekend, then silver will be rallying this quarter no doubts about it.

 
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