Another big drop?

Discussion in 'Silver' started by PMcat, Aug 4, 2011.

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  1. PMcat

    PMcat New Member

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    Looks like we are going down 39.74 USD at the moment, gold down $5... :mad:
    I heard about new margin requirements the other day, I guess we are seeing the effect of that?
     
    PMcat, Aug 4, 2011
    #1
  2. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Negative... the DOW has been in free-fall... down 307 currently.
     
    SilverSale, Aug 4, 2011
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  3. Trichter

    Trichter Member

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    Trichter, Aug 4, 2011
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  4. PMcat

    PMcat New Member

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    Do you guys think it will go down into the $20's this time?

    I wounder if this is a "market crash" to push the next round of QE...
     
    PMcat, Aug 4, 2011
    #4
  5. Matthew 26:14

    Matthew 26:14 New Member

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    yeah baby down you go, everything is going down, gold, s&p and other commodities.
     
    Matthew 26:14, Aug 4, 2011
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  6. stellaconcepts

    stellaconcepts New Member

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    Everyone is getting an ass-rimming... hence rubbers being in high demand :)
     
    stellaconcepts, Aug 4, 2011
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  7. Mi lao shu

    Mi lao shu Member

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    I hope it is crash but morning is smarter then evening, so with morning tea i judge about this .

    Over and out.
     
    Mi lao shu, Aug 4, 2011
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  8. PMcat

    PMcat New Member

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    Ha ha, good one!
     
    PMcat, Aug 4, 2011
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  9. PMcat

    PMcat New Member

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    Just heard that Italian stock market crashed and was closed down temporarily today...
     
    PMcat, Aug 4, 2011
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  10. Sargeant Argent

    Sargeant Argent New Member

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    Momma mia!

    Sorry, had too! ;)
     
    Sargeant Argent, Aug 4, 2011
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  11. Photonaware

    Photonaware Active Member

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    In Europe we are starting to reserve our place in the life boats.
    Stock markets falling by almost 10% and the SHTF now more of a concern in other areas - bigger Mediterranean countries and banks exposed to these laid back southern territories where everyone has a good tan and drives a nice car during their very long summer holidays.
     
    Photonaware, Aug 4, 2011
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  12. Old Codger

    Old Codger Active Member Silver Stacker

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    PMcat,


    "I wounder if this is a "market crash" to push the next round of QE..."




    I really do not think the US has any choice. SOMEONE has to buy all those new US Treasuries now on the market.

    No overseas buyer is to be seen, the PRC will not and the Japanese cannot, and the US Department of Social Security and your pension Funds can only buy so much each month.

    Q3 will take place and in fact is almost certainly taking place now, and it will be followed by QE4/5/6/7........


    OC
     
    Old Codger, Aug 4, 2011
    #12
  13. Aengrod

    Aengrod Member

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    Very true, tho not all of us.
     
    Aengrod, Aug 4, 2011
    #13
  14. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Australian dollar at 1.62, it's takes a tumble too.
     
    Shaddam IV, Aug 4, 2011
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  15. Guest

    Guest Guest

    Don't worry Aengrod it's not the 1800's they will take the Irish now as well.....

    :D

    REDBACK
     
    Guest, Aug 4, 2011
    #15
  16. mintydent

    mintydent Member

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    DOW is down more than 500 points as world stocks drop. Gold and Silver also dropping, so its not simply a sell off and buying of Gold/Silver.
     
    mintydent, Aug 4, 2011
    #16
  17. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    http://www.guardian.co.uk/business/2011/aug/04/world-stock-markets-turmoil-fall


     
    Shaddam IV, Aug 4, 2011
    #17
  18. millededge

    millededge Active Member

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    might be a good chance for a quick trade if it plays out like late 2007, with a whipsaw back, once the bungee cord maxes out

    though, if it plays out like 2008, it will keep going until exhaustion...that time took until march 2009

    overall, it does look like the bear is on the march again
     
    millededge, Aug 4, 2011
    #18
  19. Silverthorn

    Silverthorn Well-Known Member

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    gold hardly moved in aussie dollars. what a beggar. was thinking about a buy in the next dip.
     
    Silverthorn, Aug 4, 2011
    #19
  20. Old Codger

    Old Codger Active Member Silver Stacker

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    The 'expert' on TV says that money is flowing out of stocks and into the "safe haven" of US treasuries???????

    "One born every minute".


    OC
     
    Old Codger, Aug 4, 2011
    #20
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