never seen silver drop so fast $25.85

I find some of the attitudes in this thread to be quite revealing. Silver tanks and all of a sudden the personal insults start flying. :rollling:

 

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i hope silver goes down to $10 by may 9th and they reduce the 2 coin set to 50 bucks and gold goes down back to 600 so FS coins are $400 each. I no it wont happen but thats my wish list

 

Wow...I woke up to find silver in low 23's...that's crazy.

 

Happy Tax Day hope everyone sent them in.

Gold down $118 spot at 1358.9
Silver down $2.74 spot at 23.11

The OP stated have yu ever seen it drop so fast, well ironic wait the weekend and it drops faster and harder.

 

And after a cup of joe, it's almost down into the 22's. :thumb:

 

How is it possible that it is taking this bad? Currently down 2.63 at the moment. Gold down 111 at the moment as well.

 

Certainly not from activity at coin stores and online vendors where it's all BUY! BUY! BUY!

 

Its buy, buy, but everywhere. All you ever hear is that supply cannot meet demand for silver. Thought the was one of the key elements in economics to drive a price up.

 

It is of course, but we're not the only factor. There must be a lot of selling or manipulation going on elsewhere. (Cyprus, ETF's, etc)

 

Ahh, manipulation the other key factor in economics.

 

I would say to remember that it would take tens of thousands of local coin collectors "buying" to offset just one ETF being forced to sell, that is the difference in scope. Do you realize how may people wishing to buy a roll or two of dimes there has to be to offset an ETF having to unload a few million ounces?

Manipulation is a strong word. Strong words to me require strong proof before I wish to believe them.

 

True, but the average Joe like me has no access to such information, nor could I probably grasp what's happening if I did. Just like I could easily pull the wool over people's eyes and steal their identities using technology and they wouldn't know what hit them. The difference between me and these large banks and commodities brokers is my morals won't allow me to do such things...

 

I would counter sir that your inference as to someone's "lack of morality" is just that, and inference. Not based upon any facts.

Let's look at something very recent, bitcoins. They went up up up, spiked up, and then crashed down. Then a couple of days later PM started down. Ever stop and think investors, (real investors, the guys with millions or billions to throw around, not like us), might have looked at bitcoins and saw some parallels with PM?

Its REAL investors who wag this dog, not a flea like me. I can buy with every cent in my bank account and credit card limit left and never affect this market in the slightest. I have to accept that and do what is right for me, at the time, knowing I am not affecting this market in the slightest.

I simply believe some PM buyers think a whole lot more of themselves, and that their purchase of a few rolls of ASEs actually MATTERS in the grand scheme of things. Then, if their "big purchase" doesn't move the market, then "its being manipulated against me, that is the only explanation".

Just my opinion.

Edit: Btw I did not mean this to offend anyone here. Just trying to put economic scope on the issue. If George Soros and buddies decide they wish to sell, they will sell and no amount of buying junk silver and ASE's is going to counteract that.

 

Manipulation happens. If you look back at my other post where I first mentioned it, I said it is a possible factor in this crash. I did not say it is happening right now because I simply don't know. What I do know is that the activity you see at your local coin stores is not having the effect many people believe it might, i.e. causing the price to go up. Primarily because of the small volume it represents, but also because silver bullion sales and purchases at coin stores happen under the radar as far as the various market indexes are concerned.

But, I also have a different view about what constitutes "manipulation" than the people working on Wall Street and the agencies who regulate them.

 

But who was saying that???? You have to consider the source........

 

yeah what's up with that? a good buying opportunity turns into a brawl

 

like that has never happened before i think this week is like silvers black friday

 

What's up?

Silver March -2014 - $23.47 May - 2014 - $25.425


Could just be bad info showing on the CME site.

 

its going up and down so fast that by time i copy the image link to post here the numbers have gone up or down

 

I hope silver hits around $15 and gold about $1200 or lower.

I remember a looooooong time ago buying a 1999 ASE PCGS MS68 FIRST STRIKE for $17.

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For you holders of bullion, don't worry, just hold it a little longer.