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Is the huge drop today in gold/silve and indication that silver still has a looooong way to go until the bottom?

 
Anonymous Coward
User ID: 20676524
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06/07/2013 03:54 PM
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Is the huge drop today in gold/silve and indication that silver still has a looooong way to go until the bottom?
I just want honest opinions. I for one will be rebuying silver at $12 and down from there..wherever it goes. I sold back when it was $42 maxing out a profit back in 2008 where i bought 2 monster boxes.

Im planning on doing the same, the next time through. Just my gut instint it will hit the low teens or lower.

Does anyone have solid proof either way?

[link to www.kitco.com]
Anonymous Coward
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06/07/2013 03:59 PM
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Re: Is the huge drop today in gold/silve and indication that silver still has a looooong way to go until the bottom?
I just want honest opinions. I for one will be rebuying silver at $12 and down from there..wherever it goes. I sold back when it was $42 maxing out a profit back in 2008 where i bought 2 monster boxes.

Im planning on doing the same, the next time through. Just my gut instint it will hit the low teens or lower.

Does anyone have solid proof either way?

[link to www.kitco.com]
 Quoting: Anonymous Coward 20676524


Re: 20 YEAR METALS TRADER WITH MORGAN STANLEY: EVERY METALS TRANSFER REQUEST FROM MAJOR BROKER IS BEING REJECTED MULTIPLE TIMES:
[link to silverdoctors.com]
Anonymous Coward
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06/07/2013 04:26 PM
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Re: Is the huge drop today in gold/silve and indication that silver still has a looooong way to go until the bottom?
I just want honest opinions. I for one will be rebuying silver at $12 and down from there..wherever it goes. I sold back when it was $42 maxing out a profit back in 2008 where i bought 2 monster boxes.

Im planning on doing the same, the next time through. Just my gut instint it will hit the low teens or lower.

Does anyone have solid proof either way?

[link to www.kitco.com]
 Quoting: Anonymous Coward 20676524


I though the same thing, but other GLPers disagreed:
Thread: If Silver breaks below $20, is the next support level $10?
Anonymous Coward
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06/07/2013 04:30 PM
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Re: Is the huge drop today in gold/silve and indication that silver still has a looooong way to go until the bottom?
anything below 22 i buy the shit out of it..
Spam Killer

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06/07/2013 04:30 PM
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Re: Is the huge drop today in gold/silve and indication that silver still has a looooong way to go until the bottom?
Drop to $12? I think you're dreaming but I'm not going to say it's impossible either. Thing is, if they can take it down that far they can drop it to $6 or $5 or $4 too IMO.
andawg221

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06/08/2013 01:03 AM
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Re: Is the huge drop today in gold/silve and indication that silver still has a looooong way to go until the bottom?
Drop to $12? I think you're dreaming but I'm not going to say it's impossible either. Thing is, if they can take it down that far they can drop it to $6 or $5 or $4 too IMO.
 Quoting: Spam Killer


$17 is a strong shaking point. Really where we are seems to be flushing out the weak hands.

I think we will see $1,000 gold and $17 silver before April of 2014 but its gonna come back quicker than it went down.

I'm buying all the way down. And probably back up to $30 an oz or so.

Once we break $50 we are likely to see bigger jumps.
Anonymous Coward
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06/08/2013 01:18 AM
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Re: Is the huge drop today in gold/silve and indication that silver still has a looooong way to go until the bottom?
silver only dropped a dollar

you said it was a huge drop... hmm

but to answer your question, i believe it will go lower.

truth is it doesnt even matter

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