never seen silver drop so fast $25.85

GD, really? Mine is 8.something and i think that is high.

 

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someone nailed a great deal

 

the only thing he was selling

 

I just looked at a 3 day silver chart. I am not a chart expert but I'd say there is more down-side in the next few days.

 

down 30 cents

 

Its official. A dollar invested in silver this year has now lost MORE than one quarter its value, and even more if you bought physical and had to sell today.

 

Blood in the streets........time to buy........soon. Not yet, soon.

 

not if it was a volcano puck

 

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No, more like "the premium people have to pay to get physical silver right now, is going to go way up while spot price goes way down"

 

going back up

 

Actually, I have. In fact at the end of the Hunt Bros fiasco (for me) anyway. I was left with some 1000 oz bars I at a later point sold at a loss. Gold wasn't quite so bad as my cost average over time softened the blow. It should always be remembered that the PM market is greatly underfunded and rather small, thus subject to manipulation not only by individuals by governments as well as banks and other major players. When gold fell just below the $1500 threshold spurred by dismal economic reports out of China and the Cypress sell off, the avalanche really picked up steam. Silver simply followed on gold coattails. IMHO

 

we shall see- I for one will start the day tomorrow with Kitco

 

or this topic

 

Rebounding slightly, was waiting for silver to drop below $22 and gold to drop below $1300 to pull the trigger on a modest buy (2oz gold, 50oz silver) going to keep watch.

 

well at least you are here

so why arent you posting?

 

first bounce jim? or not yet?

 

I think one of the "problems" with silver is that it is held in reserve by many mines around the world as a by-product of base metal mining. In many countries, the objective of mining is not merely to earn money, but also to provide long-term employment. Base metals have also recently taken a hit, so base metal mines that were sitting on a silver stockpile may have decided to liquidate some or most of their silver holdings to make up for the shortfall caused by falling base metals prices to ensure continuous cash flow and employment.

I doubt that there are official data that can confirm that, but as someone with ties to the international mining industry, I know this is a very likely scenario. Of course, it cannot explain the entire picture, but it more than likely is a piece of it.

 

Eh...! I thought I had been posting.

There's not really much to get overly excited about, yet, and everyone seems to know what's up or, rather what's down.

 

gold went down $143 yesturday ouch! what is causes this ?

 

Damn now I'm kicking myself for not buying just a little when silver was $22.01.

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