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Silver gets its tail in the air on news Bolivian President Morales has ordered the May 1...

Silver gets its tail in the air on news Bolivian President Morales has ordered the May 1 expropriation of mines previously sold off by the government. The metal (SLV +3.2%) is doing a lot better than the affected miners: Pan American (PAAS -6.7%), Coeur d'Alene (CDE -5.7%).
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Comments (6)
  • bbro
    , contributor
    Comments (9837) | Send Message
     
    Hose job....just a reminder of what could happen in Russia...
    14 Apr 2011, 02:52 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3531) | Send Message
     
    Waiting for U.S. appropriation of all those big rotten capitalists like Exxon and Apple and Bank of America. After all governments can run any company pretty well. Look at G.M.
    14 Apr 2011, 04:56 PM Reply Like
  • warrenrial
    , contributor
    Comments (559) | Send Message
     
    Another silver lining.
    14 Apr 2011, 02:53 PM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    Silver will be $75 by Dec 2012. Big demand from China and India.
    14 Apr 2011, 02:53 PM Reply Like
  • DagnyTaggart
    , contributor
    Comments (486) | Send Message
     
    Wonder how long it will take Bolivia to drive the industry into the ground? I bet production will be down 75% in the next 3 years before they allow companies foolish enough to take the bait back in.
    14 Apr 2011, 03:23 PM Reply Like
  • Duude
    , contributor
    Comments (3382) | Send Message
     
    The copper market seems to be betting that Peru will elect their own left wing expropriator-in-chief.
    14 Apr 2011, 03:24 PM Reply Like
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