Silver down almost 9% today! | |
fly on the wall (OP) User ID: 1367081 United States 05/02/2011 04:45 PM Report Abusive Post Report Copyright Violation | link... [link to www.kitco.com] |
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Anonymous Coward User ID: 1159113 United States 05/02/2011 04:52 PM Report Abusive Post Report Copyright Violation | Nobody? this is a pretty big move down... Quoting: fly on the wallAll he silvertards are out BTFD at their local stores. BTFD? Buying the Fuckin Dip. Nothing has changed. The government is still spending the taxes they will forceably extract from your great, great, great, great, great-grandkids. |
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Anonymous Coward User ID: 1359758 United States 05/02/2011 05:46 PM Report Abusive Post Report Copyright Violation | Silver was in a Blowoff ... and Blowoffs never end well. All they need is a trigger to stop their vertical rise and then they will tend to collapse down due to their own weight. That trigger for that collapse came last week when the Futures Regulators RAISED the Margin Requirements TWICE, the second rise to take effect as of today (tiwce in one week!! unheard of!!). In addition they released a statement, or made some comments to the effect that if silver kept going up they would RAISE Margin Requirements AGAIN! Voila ... the futures traders started bailing left and right. The real answer as to Silver's strength will come after the HIGHER Margin Requiremens AND Margin Calls, from this sell off, are finished impacting the market (a few more days "IF" prices now stabilize at this new, lower level and there is NOT another INCREASE in the Margin Requirements). Physical Demnand has been strong ... but where the CASH WITH NO LEVERAGE buyers are on the price point scale is yet to be determined. Commercials are already looking at product substitution ... and mines are already working on increasing output. I like silver ... but it clearly was in a "Blow Off" phase. Anyone who looked at the monthly, weekly, or daily chart could see that. |
Anonymous Coward User ID: 1159113 United States 05/02/2011 05:50 PM Report Abusive Post Report Copyright Violation | Silver was in a Blowoff ... and Blowoffs never end well. All they need is a trigger to stop their vertical rise and then they will tend to collapse down due to their own weight. Quoting: Anonymous Coward 1359758That trigger for that collapse came last week when the Futures Regulators RAISED the Margin Requirements TWICE, the second rise to take effect as of today (tiwce in one week!! unheard of!!). In addition they released a statement, or made some comments to the effect that if silver kept going up they would RAISE Margin Requirements AGAIN! Voila ... the futures traders started bailing left and right. The real answer as to Silver's strength will come after the HIGHER Margin Requiremens AND Margin Calls, from this sell off, are finished impacting the market (a few more days "IF" prices now stabilize at this new, lower level and there is NOT another INCREASE in the Margin Requirements). Physical Demnand has been strong ... but where the CASH WITH NO LEVERAGE buyers are on the price point scale is yet to be determined. Commercials are already looking at product substitution ... and mines are already working on increasing output. I like silver ... but it clearly was in a "Blow Off" phase. Anyone who looked at the monthly, weekly, or daily chart could see that. Of course, that's why they had to....how did you put it? That trigger for that collapse came last week when the Futures Regulators RAISED the Margin Requirements TWICE, the second rise to take effect as of today (tiwce in one week!! unheard of!!) They did it again today troll. Might want to check the headlines. |
Anonymous Coward User ID: 1338674 United States 05/02/2011 05:55 PM Report Abusive Post Report Copyright Violation | [link to www.kitcosilver.com] Except for an hour and a half, or so, on Sunday, all of the drops in price occured at times when only the NY exchanges were open. I don't know what that means, if anything... |
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