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Endeavour Silver Corp. Message Board

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  • quailrunrd quailrunrd Sep 24, 2011 1:13 AM Flag

    Regret buying so much physical silver...

    Gunther, nothing has changed fundamentally for the dollar. It is fiat backed by a sinking U.S. economy and a government totally clueless about strengthening our currency. Furthermore, U.S. bonds rallied sending interest rates to new lows. That's the pathetic joke of the year. I guess retirees are jumping for joy in seeking a fixed retirement income from treasury bills where the 10 year yields less than 1.8%. Insanity! Dollar is toast, the bond market is a massive bubble. I bought more physical silver today and won't even look back until silver launches above $60. Will that happen in one month, 2 months, or a year. Who knows for sure...but it definitely is going to happen.

    Everybody feels the pain with the last 2 days decline in PM prices. Corrections are typical and actually healthy for a long term trend upward. So we all hold our breath for Monday's action. I hate to sound like a cheerleader but I suspect we have seen the lows. Time will tell.

5.42-0.20(-3.56%)Aug 21 4:03 PMEDT

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