it looks like silver is going to open down today

overseas market is down around 70 cents right now. i kinda miss the days of 15 cent moves being big. but after moving almost straight up seven ish dollars i am not to sad for it going down a little, guess will see what the american market brings

 

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silver hasn't broken $35 since QE3 was announced. it seems we are long overdue for a dip in silver

 

I'm pretty sure I saw it a few cents over $35 very recently

 

Last Friday!

 

but i don't think it stayed past $35 on friday for very long. i still think there will be a dip

 

How long it may or may not have stayed over $35 does nothing to enhance the credibility of your statement.

 

Friday silver hit $35.12, and then began to drop, with a close at $34.53

 

whatevr i stil think silver will dip, despite silver broke 35,

 

We may be seeing some profit taking here. Many bought when silver was in mid 30's and did not like the drop to mid 20's. It will be interesting to see what happens this week. You have to like roller coasters if you invest in silver. TC

 

YES! I totally agree. I'd bet my house that silver is going to go up and down.

 

seems like it's going to dip, let's see how far down it goes. Been going down after QE3. I will definitely be buying more if it goes to 30.

 

Wheeeeeeeeeee!

Or, as we say on Montana roller coasters: Wheeeeeeeeee-Haaaaaaaaw!

 

In the highly unlikely event that it dips below $12.50 then I might get a bit edgy. Thankfully I am into the majority of it at under $5.

 

Agreed, profit taking. It's been a nice rise and people are bound to do some selling now that there aren't any planned major events looming.

I do not think it will drop very far unless there is a margin hike. There is plenty of liquidity coming into the system right now is going to push the price higher.

 

I do not think it is profit taking, it is strenghtening of the USD. The volume is not as high as in previous days. There won't be a mragin hike unless volatility rises many time more than currently. PM were on a discount today, where are the buyers?? IMO

Jim

 

I think it is both profit taking and strengthening of USD. Concerns over Spain asking for a bail-out also did not help the euro.

 

Maybe it's just me, but the Presidential Election in November counts as a planned major event looming, and does seem to have an effect on the markets.

 

It is becoming more and more certain who will win the election.

 

hmm.... its been going down today, at 33.70 at the moment. I wonder what's going on.

 

I don't know who's GOING to win, but I know who SHOULD win. 60 Minutes the other night was very enlightening and the debates Wednesday should be even better.

Read a little on Kitco.com, I think most of the move is because of the US dollar movement, not really silver or gold movement.