did u just see that??

Discussion in 'Bullion Investing' started by hyperinflation, May 1, 2011.

  1. hyperinflation

    hyperinflation New Member

    I don't understand why silver just dropped $5 an ounce in 38 minutes?? LOL
     
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  3. fools_gold

    fools_gold Junior Member

    Wow major drop right now silver at $42...

    Gold was just at $1570 10 minutes ago, now it's around $1561.....
     
  4. G-man422

    G-man422 Member

    It's called a "correction" :p
     
  5. Stewart

    Stewart Searcher of the Unique

    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 :rolleyes:
     
  6. hyperinflation

    hyperinflation New Member

    I have been waiting for a correction. Just not a dip that quick
     
  7. Dimebag

    Dimebag New Member

    so have I just lost my a** on the 20 oz I just bought a week ago at 51.00 per oz.....:confused:
     
  8. fools_gold

    fools_gold Junior Member

    You didn't lose anything unless you decide to sell it at this very moment.....
     
  9. Merc Crazy

    Merc Crazy Bumbling numismatic fool

    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.
     
  10. hyperinflation

    hyperinflation New Member

    yeah I should have waited a few days before I reloaded lol
     
  11. fools_gold

    fools_gold Junior Member

    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....
     
  12. Dimebag

    Dimebag New Member

    Good point, I have no need to sell right now so all is good
     
  13. Dimebag

    Dimebag New Member

    Thought I would check price in the morning, might be buying more
     
  14. fools_gold

    fools_gold Junior Member

    Gold at $1550 right now, it just dropped $20 bucks....
     
  15. 1970 Silver Art

    1970 Silver Art Silver Art Bar Collector

    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.
     
  16. gmaster456

    gmaster456 New Member

    Good. Now I can stock up before the next skyrocket.
     
  17. Elapid

    Elapid Member

    Yep, I'll be buying tomorrow morning if it stays down. I still think we will see $50 silver soon if not this week.
     
  18. RaceBannon

    RaceBannon Member

    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.....?
     
  19. jcakcoin

    jcakcoin New Member

    wow!

    I just had to make it big
     
  20. Merc Crazy

    Merc Crazy Bumbling numismatic fool

    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.
     
  21. VACookey

    VACookey New Member

    Ok, repeat that please. This time in English.

    gracias :)
     
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