Silver Is On A Tear Today

looks like it's dropping a bit more ....

 

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Yep, 34% today so far. I think when the Hunt bubble popped there was a 50% drop in one day. Wonder if we'll beat it today?

 

Can somebody jiggle the flush handle? It seems to be stuck...

 

Ignore the price in China. It's like me saying the price of silver is $175 on the Moon.

Parabolas never end well. We went parabolic and that's a tell-tale sign of a bubble.

 

I wonder if the US Mint will lower their prices !!

 

I started to look for a GIF for "dead cat bounce", but thought better of it. You're welcome.

 

well, let's see what happens.
I bought SLV at $76.36
which seems like a good entry point. Can sell it quickly too if this bounce falls again.

 

Kind of Cold for Bungie Jumping

 

I bought in just now at $74.35

 

I bid on lots of average silver dollars in a local auction. Always bid just under spot and win them fairly regularly.... Just yesterday I bid on eight different lots of multiple dollars and put my bids in about 10% below spot. It was about $1300.00.... This morning I got notifications that I was outbid on each lot. I figure that's fine, silver is hot right now and I let it go. Now I feel like I dodged a bullet!

 

Political moves helped to fuel a panic with profit takers. More people are selling than usual and it’s causing a panic. The weekend will slow it down and all the pm’s that took beating today should be up soon.

 

Why? Has your wife trained you? LOL

 

Think how much cheaper you can buy them now.

 

I think that’s why the change. If the Fed does lower rates silver will go back up as fast as it has fallen.

 

The bid is over the weekend. Heck, I am not going to try to outbid the people that bid last night when silver was so much higher.

 

Big silver sell off it is -33.78 in the hole.

 

Wonder how many of them are in a panic looking for a way to back out?

 

My thoughts as well.

 

Not concerned in the least ATTM this was kinda expected at some point.

 

Kinda steady market since 2 pm.
That shook out some, not all, of the speculators. Certainly any buying on margin. Bring on the next round..I’m still standing