According to CNBC, it's the worst drop since 1980. It will be interesting to see where it settles over the next few months.
Yes impressive, prices have gone down but not enough for me, I'm hoping for a bigger drop in the days ahead, it's definitely needed!
Surely the biggest dollar drop of all time, but that's not significant. Percentage-wise, it's still perilously close to Silver Thursday (March 27, 1980). I still think this is a dip, not a cliff. But I don't know if we'll see $120 again any time soon.
Silver will build a base in a wide range for a short time before resuming its torrid price increases.
But this was supposed to be a sustainable price increase based on fundamentals! (LOL). I've been saying for a while now that this had bubble characteristics, especially the last month.
The normal ebb and flow of the surf produces a lot of foam, and a lot of bubbles. But so does a tsunami. We'll see which way the water is going next week.
This drop was driven by political interest. As it started to drop profit takers jumped in. Then it dropped enough that a panic set in and boom. As soon as things settle down politically it will be back up to where it was and beyond.
Maybe. Or it might settle in at a considerably lower level after having shaken out a lot of the speculative positions. We'll see. Surely the run-up through yesterday was driven at least in part by speculators. How big a part? That's part of what we'll see.
WoW! You guys are old. I never heard of him before. Funny though! Can you imagine kicking back to this song in the '60s?
very much dating myself here but... One of the very 1st albums I got my parent to buy me as a child was..... Ronco's "funnybone favorites" hell I was 8-9yrs old and played this record constantly for close to 3 years... Might just have warped me slightly... here's the whole playlist lol I doubt there is a single song on the list I could ever forget. A1 Debbie Reynolds And Carleton Carpenter– Aba Daba Honeymoon A2 The Hollywood Argyles*– Alley-Oop A3 The Coasters– Along Came Jones A4 The Cadets– Stranded In The Jungle A5 Phil Harris– The Thing A6 Reunion (3)– Life Is A Rock (But The Radio Rolled Me) A7 Ray Stevens– Harry, The Hairy Ape A8 Larry Verne– Mr. Custer A9 Rick Dees– Disco Duck B1 Ray Stevens– Ahab The Arab B2 John Zacherle– Dinner With Drac B3 Shirley Ellis– The Name Game B4 Buzz Clifford– Baby Sittin' Boogie B5 The Clovers– Love Potion #9 B6 The Olympics– Western Movies B7 "Little" Jimmy Dickens*– May The Bird Of Paradise Fly Up Your Nose B8 The Coasters– Yakity Yak B9 David Seville– Witch Doctor Pressed By – GRT Record Pressing Distributed By – Ronco Teleproducts, Inc. Phonographic Copyright ℗ – Ronco Teleproducts, Inc. Copyright © – Ronco Teleproducts, Inc.
