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<p>[QUOTE=&quot;princeofwaldo, post: 1689521, member: 24091&quot;]I wonder how much physical silver actually traded hands today.&nbsp; I believe it is all paper contracts and derivatives making these wild price gyrations.&nbsp; In the physical market, some sellers got cleaned out today:</p><p><br /></p><p><a href="http://www.monarchpreciousmetals.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.monarchpreciousmetals.com/" rel="nofollow">http://www.monarchpreciousmetals.com/</a></p><p><br /></p><p>In any case, I agree with your analysis.&nbsp; 2008 was an especially interesting year for the metals.&nbsp; Gold dropped from $972 in February to $732 in October, and yet along the way, new records were set for coin prices, especially foreign coins.&nbsp; The bullion market then kicked right back in by early 2009 and was quickly making new highs.</p><p><br /></p><p>The savage nature of today&#039;s sell-off is actually preferable to a slow water-torture decline.&nbsp; The plunge represents a huge increase in volatility, and if world events precipitate a rally in the next fey days, an increase in price equally swift isn&#039;t out of the question.[/QUOTE]</p><p><br /></p>

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