What does $1.30 increase in 9mins look like?

Discussion in 'Silver' started by rbaggio, Apr 25, 2011.

  1. rbaggio

    rbaggio Active Member Silver Stacker

    Joined:
    Aug 5, 2010
    Messages:
    4,300
    Likes Received:
    6
    Trophy Points:
    38
    Location:
    Australia
    The price is meandering along .... then BOOM. 48.51 -> 49.81 in 9mins 20secs. No doubt light volume.

    It looks a little something like this:

    [imgz=http://forums.silverstackers.com/uploads/478_boom4.png][​IMG][/imgz]
     
    rbaggio, Apr 25, 2011
    #1
  2. Ilikemetals

    Ilikemetals Member

    Joined:
    Apr 9, 2011
    Messages:
    266
    Likes Received:
    11
    Trophy Points:
    18
    Location:
    Sydney
    crazy stuff!
     
    Ilikemetals, Apr 25, 2011
    #2
  3. Silver Natural 9

    Silver Natural 9 New Member

    Joined:
    Mar 28, 2011
    Messages:
    190
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Brisbane
    I just got back from Dreamworld with the family about 20mins ago. Then I remembered to look at the chart.
    Question: am I still in Dreamworld?
     
    Silver Natural 9, Apr 25, 2011
    #3
  4. rbaggio

    rbaggio Active Member Silver Stacker

    Joined:
    Aug 5, 2010
    Messages:
    4,300
    Likes Received:
    6
    Trophy Points:
    38
    Location:
    Australia
    Drutter was creating his video while the 9min 20sec run was happening. Pretty funny stuff listening to him while it's happening.

    "Are we watching the dollar crash live here?"

    http://www.youtube.com/watch?v=KyZNKQ7yeBU
     
    rbaggio, Apr 25, 2011
    #4
  5. rbaggio

    rbaggio Active Member Silver Stacker

    Joined:
    Aug 5, 2010
    Messages:
    4,300
    Likes Received:
    6
    Trophy Points:
    38
    Location:
    Australia
    Stunning stuff. What does a $5.16 drop in 22 hours look like? :p

    [imgz=http://forums.silverstackers.com/uploads/478_crash1.png][​IMG][/imgz]
     
    rbaggio, Apr 26, 2011
    #5
  6. MelbBrad

    MelbBrad New Member

    Joined:
    Nov 29, 2010
    Messages:
    624
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    Why did this drop happen? Profit taking?
     
    MelbBrad, Apr 26, 2011
    #6
  7. BigBen

    BigBen New Member

    Joined:
    Apr 18, 2011
    Messages:
    142
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    Try not to think of why it happened, there are several very well explained and feasible reasons. Just remember, that at this value is it worth the price asked, is the risk to buy more still linked with a good risk:reward outcome? Is it now more fairly valued after a steep rise and steep fall back?

    The markets can stay irrational, longer than you can stay solvent. Place your trade with some form of intrinsic opinion of value.
    I rmemeber that before every trade :)
    IMO
     
    BigBen, Apr 26, 2011
    #7
  8. MelbBrad

    MelbBrad New Member

    Joined:
    Nov 29, 2010
    Messages:
    624
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia

    Ummm, yes, I appreciate your views, but my question was 'Why the sudden big drop?'
     
    MelbBrad, Apr 26, 2011
    #8
  9. even flow

    even flow New Member

    Joined:
    Feb 21, 2011
    Messages:
    27
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    QLD

    options expiry coming up ... tomoz night our time i think?
     
    even flow, Apr 26, 2011
    #9
  10. unfunkable

    unfunkable Active Member

    Joined:
    Feb 7, 2011
    Messages:
    1,017
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    Canberra
    they way i see it in layman's terms, if it can hit such a high price, I'm sure it can do it again :)
     
    unfunkable, Apr 26, 2011
    #10
  11. Auagau

    Auagau Active Member

    Joined:
    Mar 3, 2011
    Messages:
    423
    Likes Received:
    74
    Trophy Points:
    28
    Location:
    Australia
    Why did it drop?

    Because it rose with a $1 gap with tiny volumes over the holidays. Not sustainable and then down down down she goes (for a bit)
     
    Auagau, Apr 26, 2011
    #11
  12. MelbBrad

    MelbBrad New Member

    Joined:
    Nov 29, 2010
    Messages:
    624
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    ....but was there any announcement/govt overthrown/currency collapse/rise in global sea-level/Joooliar's speech to the Chinese-type event that I missed?
     
    MelbBrad, Apr 26, 2011
    #12
  13. Auagau

    Auagau Active Member

    Joined:
    Mar 3, 2011
    Messages:
    423
    Likes Received:
    74
    Trophy Points:
    28
    Location:
    Australia
    Chinese threaten to dump usd, silver rises. Low volume, gap.

    From a charting perspective it was unsustainable. Don't know if there was more to it than the chart.

    Some consolidation would be a good thing.
     
    Auagau, Apr 26, 2011
    #13
  14. rbaggio

    rbaggio Active Member Silver Stacker

    Joined:
    Aug 5, 2010
    Messages:
    4,300
    Likes Received:
    6
    Trophy Points:
    38
    Location:
    Australia
    USD spot price just dropped $5.20 in 11 mins.

    [imgz=http://forums.silverstackers.com/uploads/478_crash2.png][​IMG][/imgz]
     
    rbaggio, May 1, 2011
    #14

Share This Page