Your reaction reinforces my point!... Don't get overconfident and fall asleep at the wheel!... I know you are very pleased with your returns, and rightly so... but NO investment is 100% crash-proof.

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1979 300 SD
350,000 miles
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1982 300D-gone---sold to a buddy
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1985 300TD
270,000 miles
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1994 E320
not my favorite, but the wife wanted it

www.myspace.com/mikemover
www.myspace.com/openskystudio
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www.myspace.com/openskyseparators
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I'd like to take a moment of silence for crash4 - his ego is on the floor, and crash7- he never saw it coming. I love it because there's never any surprises, just new players.

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89 300E
79 240D
72 Westy
63 Bug sunroof
85 Jeep CJ7
86 Chevy 6.2l diesel PU

"The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane."
Marcus Aurelius

Silver is over 12 today.

Can't wait until it hits 14 so I can come here again and say: "Well, I was telling everyone when it was 7 bucks that it would go up but nobody believed me." Oh yeh, and that was only in September only about 6 months ago. 100% profits are always nice and appreciated.

Don't get greedy, what is you exit stratigy? Isn't their a strike at a mine in Mexico or do I have my info wrong?

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1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

I didn't hear anything about a Mexico strike so I'm not sure about that. As far as my exit strategy, I will get out when it gets to 20. Heck, I bought some 100oz silver bricks, bullion coin, 50oz bricks for around 7 bucks etc. I only hold physical silver, not the fake certificates that have no actual silver backing them up. I guess I'm getting greedy but I have less than 10k invested in silver so it's nothing much plus I don't need any money at the time. I'll take the chance of having it go to 20 and then I'll dump it all.

September: 7.00 Today: 12.04
6 1/2 month gain: 72%

Oh yeh....if anybody is setting up a Scottrade account then let me know as we will both benefit. I'll send you a referral where YOU get 3 free trades and I get 3 trades as well. We both benefit.

I think it's only 500 bucks to start....

Holy sheepshank, what's up with silver? My dad gave me a 100oz brick, back when it was $4/oz, and now I see it's worth three times that figure. How/where does one sell such an item?

You can sell it on ebay if you want....

This one is over 1100 bucks

http://cgi.ebay.com/100oz-ENGELHARD-999-Fine-Silver-Bar_W0QQitemZ8402307512QQcategoryZ39489QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

The ETF I spoke of in the original post has been approved, but when it will actually begin trading is not known. There's huge hoards of silver in private hands that don't show up in any stats., but known warehouse stocks could be quickly be spoken for through a vehicle like the ETF if a real mania develops. That is beginning to happen now, but what sets it off is really a big break that the market comes back from – makes a new high and begins to run when all of the sold out bulls realize they got out way to soon.
Much as I hate to join the “gold bug” crowd the market is going to put the dollar back on the discipline of being linked to hard assets. Things of real value are about to explode. Sell your plastic boat and buy a woodie. In order to prop up the RE market (which is holding everything together right now, by pacifying people) the Fed will print money (M-3 is no longer reported) and we're off to one big final crescendo. Look out below – we go high now – very fast.

__________________
89 300E
79 240D
72 Westy
63 Bug sunroof
85 Jeep CJ7
86 Chevy 6.2l diesel PU

"The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane."
Marcus Aurelius

Well long as the real estate market stays healthy thats what I care about!

Sounds like I was sleeping I should have bought silver. Oh well I am not in a rush, I'll wait for it to crash in a few years and catch the next wave.

__________________
1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

Down 13% today.

http://www.kitco.com/charts/livesilver.html

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Jason Priest
1999 E430
1995 E420 - retired
1986 420SEL - retired

Along with all the other commodities. It's ok though, it will go back up.
My portfolio is down 2% as well....lost over 1100 bucks on stocks alone.

It had to have come down a bit since literally everything has gone up in the last few days.

I think we're going to see 6 or 7$ again before we see anything higher than yesterday morning.

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Jason Priest
1999 E430
1995 E420 - retired
1986 420SEL - retired

Why? The break was right on que and held the steepest trendline. I'd love to see a failure swing and then to take out these overnight lows at $11.30 in order to really shake out the weak longs, but I'm afraid it's only wishful thinking. Keep thinking the way you are though - somebody's got to loose what I'm making.

__________________
89 300E
79 240D
72 Westy
63 Bug sunroof
85 Jeep CJ7
86 Chevy 6.2l diesel PU

"The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane."
Marcus Aurelius

You've just described the Federal Reserve, which isn't federal, nor does it have a reserve. Can you say fiat?

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"Diplomacy is the art of saying 'nice doggie' until you can find a rock."