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Silver. Has the bleeding stopped?

 
amabala
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User ID: 1002147
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05/06/2011 01:30 AM

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Silver. Has the bleeding stopped?
[link to www.kitco.com]
Anonymous Coward
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05/06/2011 01:31 AM
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Re: Silver. Has the bleeding stopped?
I hope not. I need it to go lower so I can buy
amabala (OP)

User ID: 1002147
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05/06/2011 01:53 AM

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Re: Silver. Has the bleeding stopped?
I hope not. I need it to go lower so I can buy
 Quoting: Anonymous Coward 1370297


Ha!! I hear ya.
Anonymous Coward
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05/06/2011 01:59 AM
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Re: Silver. Has the bleeding stopped?
I hope not. I need it to go lower so I can buy
 Quoting: Anonymous Coward 1370297


The Asian Market is buying it...holding steady now...
Anonymous Coward
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05/06/2011 02:06 AM
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Re: Silver. Has the bleeding stopped?
I hope not. I need it to go lower so I can buy
 Quoting: Anonymous Coward 1370297


Now that the banks have made a hefty profit with silvers fall the real players can buy physical on the cheap, and drive silver to the moon.
Jane SmithModerator
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05/06/2011 06:56 AM

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Re: Silver. Has the bleeding stopped?
CME has another margin increase due Monday, 9 May; close of business. Much may already be priced in but we did bust through a support level yesterday. I would/and am holding off as I feel it may drop another 5-7%. This wash out may be a great entry point for people who are late to the game, just keep your powder dry & do not try to catch the falling knife -- let it hit the floor first. Best of luck to all.

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Anonymous Coward
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05/06/2011 06:59 AM
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Re: Silver. Has the bleeding stopped?
CME are done
amabala (OP)

User ID: 967570
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05/06/2011 10:11 AM

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Re: Silver. Has the bleeding stopped?
CME has another margin increase due Monday, 9 May; close of business. Much may already be priced in but we did bust through a support level yesterday. I would/and am holding off as I feel it may drop another 5-7%. This wash out may be a great entry point for people who are late to the game, just keep your powder dry & do not try to catch the falling knife -- let it hit the floor first. Best of luck to all.

[link to www.zerohedge.com]
 Quoting: Jane Smith


Maybe the bottom is here or we are very close. I'll see how things shake out on Monday.

Last Edited by amabala on 05/06/2011 10:12 AM
Anonymous Coward
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05/06/2011 10:17 AM
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Re: Silver. Has the bleeding stopped?
I hope not. I need it to go lower so I can buy
 Quoting: Anonymous Coward 1370297


Next COMEX margin hike is Monday so if they manage to keep current price until Monday we should have better price to buy. But something tells me they are out of capacity starting today.

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