Dropping Nicely

Discussion in 'Silver' started by SilverSale, Apr 15, 2013.

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  1. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Sooo... the longterm uptrend was pierced end of February - we're now starting to see the full effects of that.

    Where to next?

    First stop likely low 20's, then expecting a bounce - then *likely* a further wave down.

    Some reasonable downside to come in my opinion. (not to be taken as investing advice)

    Enjoy! :)
     
    SilverSale, Apr 15, 2013
    #1
  2. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    I wouldn't use the word 'nicely', but it sure is dropping! :p
     
    RetardedMonkey, Apr 15, 2013
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  3. thatguy

    thatguy Active Member

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    gold coming to the party now
     
    thatguy, Apr 15, 2013
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  4. thatguy

    thatguy Active Member

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    this is insane... VVTF
     
    thatguy, Apr 15, 2013
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  5. SilverSpurs

    SilverSpurs New Member

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    I just watched silver take a 50 cent hit in less than a minute.
     
    SilverSpurs, Apr 15, 2013
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  6. Dustin

    Dustin New Member

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    And gold to 1450usd? Is this merely an ETF sell-off?
     
    Dustin, Apr 15, 2013
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  7. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Gone Fishin'
    You

    Have

    got

    to

    be

    kidding !!! :(
     
    Clawhammer, Apr 15, 2013
    #7
  8. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    This is precious metals doing what everyone didn't expect when the world is experiencing financial hardship.
     
    RetardedMonkey, Apr 15, 2013
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  9. bretto

    bretto Active Member

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    Crazy times.
     
    bretto, Apr 15, 2013
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  10. thatguy

    thatguy Active Member

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    wow just wow
     
    thatguy, Apr 15, 2013
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  11. RMP

    RMP New Member

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    All I can do is watch now...
     
    RMP, Apr 15, 2013
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  12. zlatibor

    zlatibor Member

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    I think a trip to the mint on my lunchbreak is on the cards... O_O
     
    zlatibor, Apr 15, 2013
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  13. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Or to the dealer to cash in.
     
    RetardedMonkey, Apr 15, 2013
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  14. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Let us know if the over the counter pricing reflects the drop in spot?
     
    sammysilver, Apr 15, 2013
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  15. Phiber

    Phiber Well-Known Member Silver Stacker

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    Or you could wait a bit, might just drop some more.
    Till what point though?
    Catching falling knifes - I am not a fan anymore.
    Just don't over commit !
     
    Phiber, Apr 15, 2013
    #15
  16. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    To sell or buy? :p :lol:
     
    Holdfast, Apr 15, 2013
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  17. zlatibor

    zlatibor Member

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    10oz bars selling on PM website for $264.40 - which has dropped from ca. $275 since opening price this morning.
    I think they do sell at live prices.
     
    zlatibor, Apr 15, 2013
    #17
  18. Argent47

    Argent47 Member

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    Aww guys, relax.

    It will probably fall to ~$20 where there is support. It will then bounce back up with time. There is no support between current prices and ~$20.

    I bought at $30.

    Relax.
     
    Argent47, Apr 15, 2013
    #18
  19. thatguy

    thatguy Active Member

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    20 x 1oz silver coin - 2013 Perth Mint Kookaburra
    SKU 949
    AU$567.20

    Spot 23.57AUD from BB
     
    thatguy, Apr 15, 2013
    #19
  20. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    $260 for an NTR 10oz from BullionMoney.

    I think I'd rather go buy some paper silver instead of physical.
     
    RetardedMonkey, Apr 15, 2013
    #20
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