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Silver down almost 9% today!

 
fly on the wall
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User ID: 1367081
United States
05/02/2011 04:44 PM
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Silver down almost 9% today!
Wow, silver is down pretty big today...I was expecting it to go up not down and certainly not down this much!
fly on the wall  (OP)

User ID: 1367081
United States
05/02/2011 04:45 PM
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Re: Silver down almost 9% today!
link... [link to www.kitco.com]
fly on the wall  (OP)

User ID: 1367081
United States
05/02/2011 04:48 PM
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Re: Silver down almost 9% today!
Nobody? this is a pretty big move down...
Anonymous Coward
User ID: 1159113
United States
05/02/2011 04:49 PM
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Re: Silver down almost 9% today!
Nobody? this is a pretty big move down...
 Quoting: fly on the wall


All he silvertards are out BTFD at their local stores.
Anonymous Coward
User ID: 1353110
United States
05/02/2011 04:50 PM
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Re: Silver down almost 9% today!
Since it has been droppping...you dont hear a lot from the silvertards today.

they will be quite all week
fly on the wall  (OP)

User ID: 1367081
United States
05/02/2011 04:50 PM
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Re: Silver down almost 9% today!
Nobody? this is a pretty big move down...
 Quoting: fly on the wall


All he silvertards are out BTFD at their local stores.
 Quoting: Anonymous Coward 1159113



BTFD?
Anonymous Coward
User ID: 1159113
United States
05/02/2011 04:52 PM
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Re: Silver down almost 9% today!
Nobody? this is a pretty big move down...
 Quoting: fly on the wall


All he silvertards are out BTFD at their local stores.
 Quoting: Anonymous Coward 1159113



BTFD?
 Quoting: fly on the wall


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.
Searchalot

User ID: 1289575
Netherlands
05/02/2011 04:52 PM
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Re: Silver down almost 9% today!
Osama is doing good things for the dollar.

For now....
I'm not your enemy, you are...
© 2004, Maus E.

Only your thoughts create your world.
© 2015 Maus E.

Learning is knowing you learn nothing when you know.
© 2016 Maus E.
Anonymous Coward
User ID: 1367099
United Kingdom
05/02/2011 04:53 PM
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Re: Silver down almost 9% today!
Nobody? this is a pretty big move down...
 Quoting: fly on the wall


wait until 12.00pm tonight

over $50 by end of the week
fly on the wall  (OP)

User ID: 1367081
United States
05/02/2011 04:55 PM
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Re: Silver down almost 9% today!
Yeah, I agree...blip on the radar...I think it will will continue to move up.
Anonymous Coward
User ID: 1306002
United States
05/02/2011 04:55 PM
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Re: Silver down almost 9% today!
head and shoulders formation
Anonymous Coward
User ID: 391989
United States
05/02/2011 04:56 PM
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Re: Silver down almost 9% today!
This too will pass
Anonymous Coward
User ID: 1367099
United Kingdom
05/02/2011 04:57 PM
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Re: Silver down almost 9% today!
head and shoulders formation
 Quoting: Anonymous Coward 1306002


TA is useless now.......unchartered.
Anonymous Coward
User ID: 1159113
United States
05/02/2011 05:04 PM
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Re: Silver down almost 9% today!
head and shoulders formation
 Quoting: Anonymous Coward 1306002


TA is useless now.......unchartered.
 Quoting: Anonymous Coward 1367099


Shhhh!!!!!

Blythe is trying to paint over here.
Anonymous Coward
User ID: 1299639
United States
05/02/2011 05:05 PM
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Re: Silver down almost 9% today!
head and shoulders formation
 Quoting: Anonymous Coward 1306002


TA is useless now.......unchartered.
 Quoting: Anonymous Coward 1367099


please go into the 30's so i can get back in
Anonymous Coward
User ID: 1269784
United States
05/02/2011 05:14 PM
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Re: Silver down almost 9% today!
sell all your silver now before it becomes worthless

paper rules!
Anonymous Coward
User ID: 1367121
United States
05/02/2011 05:17 PM
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Re: Silver down almost 9% today!
This is a BLESSING!!! I am happy to acquire some today on discount from last week!
Anonymous Coward
User ID: 1065356
United States
05/02/2011 05:17 PM
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Re: Silver down almost 9% today!
FTW

you can't eat silver !
5a
Anonymous Coward
User ID: 1367099
United Kingdom
05/02/2011 05:26 PM
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Re: Silver down almost 9% today!
head and shoulders formation
 Quoting: Anonymous Coward 1306002


TA is useless now.......unchartered.
 Quoting: Anonymous Coward 1367099


Shhhh!!!!!

Blythe is trying to paint over here.
 Quoting: Anonymous Coward 1159113


chuckle
Anonymous Coward
User ID: 1359296
United Kingdom
05/02/2011 05:28 PM
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Re: Silver down almost 9% today!
Just my luck on the day I found a sixpence.
Anonymous Coward
User ID: 1245917
United States
05/02/2011 05:32 PM
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Re: Silver down almost 9% today!
It's an improvement from down 12% yesterday. They're shaking the tree and getting the panicky folks to sell. Hold onto it long term and it'll pay off.
Punk-A$$ets

User ID: 1107017
United States
05/02/2011 05:35 PM
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Re: Silver down almost 9% today!
Just my luck on the day I found a sixpence.
 Quoting: Anonymous Coward 1359296


Hammered?
Anonymous Coward
User ID: 673477
United States
05/02/2011 05:37 PM
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Re: Silver down almost 9% today!
Very temporary
Anonymous Coward
User ID: 1359758
United States
05/02/2011 05:46 PM
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Re: Silver down almost 9% today!
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
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Re: Silver down almost 9% today!
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.
 Quoting: Anonymous Coward 1359758


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
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Re: Silver down almost 9% today!
Look at the current Kitco chart:

[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...blink
Anonymous Coward
User ID: 1367271
United States
05/02/2011 07:05 PM
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Re: Silver down almost 9% today!
they are selling paper not metal . Continue taking physical delivery ....
Anonymous Coward
User ID: 927177
United States
05/02/2011 08:33 PM
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Re: Silver down almost 9% today!
It's an improvement from down 12% yesterday. They're shaking the tree and getting the panicky folks to sell. Hold onto it long term and it'll pay off.
 Quoting: Anonymous Coward 1245917


That's my feeling.





GLP