Silver May Drop 20% as Coins Signal ‘Crowd’

http://noir.bloomberg.com/apps/news?pid=20601010&sid=aMIuHr40ug8k :hail:

Interesting article...I bought some more Silver Eagles :devil:

 

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Hmmmm that is interesting. I guess the amount of coins the Mint made will kick 'em like with the Susie B's or 2000 Sac's.

 

Could you please elaborate on what "Susie B's or 2000 Sac's" have to do with this article?

 

Wall Street has a trader's mentality, not an investor's. It is a predictable knee-jerk reaction for them to say they would sell whatever is going up and buy whatever is going down. They think it makes them look smart, look contrarian. And while it is true that a consensus opinion will always be incorrect at the extreme top and bottom, it is correct everywhere in between.

 

I think collector value and PM value are mutually exclusive........

 

That might be a " Bloomberg " story , but it hasn't convinced me . Silver may fluctuate on any given day, but I just don't see something like a 20% downturn .

 

It could happen. It happened in '08 and a lot o' folks got left holdin' the bag.....

 

Because...?

What is it with you upstate boys and your cryptic messages in this thread...?

 

It could happen to you

 

I ain't buyin' at these prices.......

 

No, I know and understand.

 

Dang, you devil, you slipped that one in on me. Miles is truly phenominol....

 

Ya know Chris? If Jazz was silver we'd all be rich. Hey wait a minute...we are.

 

It never stops. CSN just sent me an e-mail hawking an ATB 5 coin Ceremony Set graded by ANACS MS 67 . You can have one too for a mere $79.99 + S & H . It never stops ! Laughable .

 

[video=youtube;FLdm1yuoU_Q]http://www.youtube.com/watch?v=FLdm1yuoU_Q[/video]


No reduction in "Silver" here.....

 

I guess someone broke their fingers trying to type that one.

 

Just checked, and they still move......

 

:thumb:

 

Oh Yes! This one's sublime.

 

$24.80 silver would be a 20% downturn from it's recent high. We're already 11% off the high as we speak so a 20% pullback from $31 seems likely from here - at some point this year anyway.