Wow major drop right now silver at $42... Gold was just at $1570 10 minutes ago, now it's around $1561.....
WOW Off the Cliff Wonder how far she is going to go. Hopefully low enough to back up the truck and load up on some more
Hmm, heavy volume in a tight trading band, followed by a large fall with falling volume. If I'm a trader right now, I'm buying the crap out of this dip.
I wouldn't panic just yet, this could all recover tonite when we all sleep in our cozy beds and all will have recovered in the morning, or not!!! That is why it is good to have cash handy so that you can pick up items on these dips....
This is no surprise to me except for the pace of today's smackdown. This was bound to happen since it ran up too much too soon. It looks like silver will break $40 on the downside much sooner than I expected. No $50 silver this year.
Yep, I'll be buying tomorrow morning if it stays down. I still think we will see $50 silver soon if not this week.
Wow, I don't think I've ever seen a drop like that. Over $5/oz in less than half an hour, on a Sunday night, when many are out of the market. Kinda makes you wonder...hmmmm.....?
Yeah, like I said, if you know how to read candlestick charts, it's pretty clear some big trader or group of traders saw low support under the current band, shorted, upped volume, and then hit sell... your losses from selling going down are easily covered when you close the short position immediately after you sell orders go through. Easy money. Markets already back up to 44 and change, I'd expect it to hit 45-46 easy before the US markets open.