$A38 - Hello Again ! Silver off 5% +

Discussion in 'Silver' started by Matthew 26:14, Aug 24, 2011.

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  1. Matthew 26:14

    Matthew 26:14 New Member

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    Gold down $80 an ounce and falling, silver off 5%. Profit taking? Looks ugly ! :rolleyes:
     
    Matthew 26:14, Aug 24, 2011
    #1
  2. bbbbullion

    bbbbullion New Member

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    here we go...
     
    bbbbullion, Aug 24, 2011
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  3. PerthStack

    PerthStack Member

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    Unless the US has managed to come up with $14 trillion, this will just be a blip.
     
    PerthStack, Aug 24, 2011
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  4. Nickoru

    Nickoru Member

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    I guess silver and gold suppliers and users will soon ignore CME prices. They'll sign direct contracts. The demand can't rise or drop so fast.
     
    Nickoru, Aug 24, 2011
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  5. Diablo21

    Diablo21 Member

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    It's falling so it must be manipulated ;)
     
    Diablo21, Aug 24, 2011
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  6. Nickoru

    Nickoru Member

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    To be honest, it seems I got quite used to these hellish dips. I just don't care (almost) ;-). Got one 1/4 oz 2009 ox lunar just today. Gonna buy some silver tomorrow I hope.
     
    Nickoru, Aug 24, 2011
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  7. Load of Bullion

    Load of Bullion Well-Known Member

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    This is where it is interesting to review a chart of silver's trend during American trading periods only. Derek aka endless mountain on YT demonstrated this. The trend during trading in NY is primarily down whereas it trends up during trading elsewhere.
     
    Load of Bullion, Aug 24, 2011
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  8. Diablo21

    Diablo21 Member

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    Well, there was a hellish uptick a few days ago too, we're back to where we were about a week ago. Silver wasn't manipulated up but it is down?
     
    Diablo21, Aug 24, 2011
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  9. Load of Bullion

    Load of Bullion Well-Known Member

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    Silver can be manipulated both ways. Why favour one way?. Especially since we are talking silver. This is where the historic Hunt Bros rise and fall becomes especially relevant.
     
    Load of Bullion, Aug 24, 2011
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  10. silverfunk

    silverfunk Active Member

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    silverfunk, Aug 24, 2011
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  11. Spilver

    Spilver Member Silver Stacker

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    They are doing it to get cheap lunar dragons.
    Prices will shoot back up 7th sep.
    You watch.
     
    Spilver, Aug 24, 2011
    #11
  12. Load of Bullion

    Load of Bullion Well-Known Member

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    The endless mountain vid: The Silver Log (03.01.2011) - Silver in Two different markets

    [youtube]http://www.youtube.com/watch?v=sR28o5f9aKE[/youtube]
     
    Load of Bullion, Aug 24, 2011
    #12
  13. Teh silvers

    Teh silvers Member

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    Cmon baby.drop for the 1st of September.
     
    Teh silvers, Aug 24, 2011
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  14. Nukz

    Nukz New Member

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    $70-80 in short time, like a hot knife through butter.

    Anyway it was bound to happen to gold, silver may have dropped slightly morethan i thought but hopefully theres some asian buyers this morning :)
     
    Nukz, Aug 24, 2011
    #14
  15. nicwinner

    nicwinner Active Member Silver Stacker

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    will increase today. will rise to around 40 AUD/oz this saturday sydney time
     
    nicwinner, Aug 24, 2011
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  16. ReturnToZero

    ReturnToZero New Member

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    Cause this is a silver forum lol

    There's a thread on fiatstackers.com similar to this one except everyone there is saying like butter through a hot knife.
     
    ReturnToZero, Aug 24, 2011
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  17. Matthew 26:14

    Matthew 26:14 New Member

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    Always the sell-off during the 8 or so hours on New York trading time, the other 16 hours of the day the price does fine !
     
    Matthew 26:14, Aug 24, 2011
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  18. Nukz

    Nukz New Member

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    I agree but i would argue everybody here is a fiatstacker.

    Other thing is some people here are usinh futures/cfd's or shares so either side of the bet can be taken.
     
    Nukz, Aug 24, 2011
    #18
  19. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    It looks like gold pulling silver down to me...
     
    Shaddam IV, Aug 24, 2011
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  20. Silverthorn

    Silverthorn Well-Known Member

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    Another five percent by the end of the month would be nice. Thought most would be happy to get cheaper dragons.
     
    Silverthorn, Aug 24, 2011
    #20
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