I dont know about you guy - but I find myself laughing at this move down.... This is the stuff dreams are made of. btw - web bots nailed this call... [youtube]http://www.youtube.com/watch?v=FFCgAy2zg34[/youtube]
Oh no, not you again stellaconcepts! I think the mood around here is festive indeed I'm buying on the way down at every "big" step XD But then again silver to me is what it is to most tin foil hat wearers
Resistance is futile Seriously though, don't see to much resistance here its like its fallen off a cliff. Where it stops? Nobody really knows.
I think I'm one of the few who are actually laughing at this price movement. Anyone here still believe silver isn't being manipulated?
I'm sure this was cause some flack, but why not.. Stella... Calling the move after the fact is not earth-shattering science. Some people have made a killing from this move, it is obvious from your recent video that you weren't prepared for it. Connectingdots was incorrect with his prediction... but perhaps you should be looking at yourself. You supposedly provide a 'silver update' - you never mentioned even the slightest chance of a current meltdown... so much for a 'silver update'.
Oh.... i think JPM has a fair idea - metals will be smashed down as far as it needs to in order to drive people out and keep their fiat frankenstein alive
I think this part is mainly the panic and longs needing to liquidate to pay off debts or to fly into the "safety" of cash. COMEX may have given it a push at the beginning, but I think this goes beyond even the big banks abilities, considering how hard gold has been hit as well. But, it's only numbers on paper.
I'm sticking with my theory that if gold and silver get REALLY low in this cycle, it will never happen again, at the prices that we are seeing today any physical gold and silver for sale anywhere on earth is going to feel like a bag of hot chips sitting on Bondi beach when a flock of seagulls lands. China will hoover up anything that it can, central banks will be doing the same.
Indeed Earthjade, but if you're not leveraged up the wazzo in buying your metal, you have to admit the panic around is amusing to watch. This is simply a shaking of the financial tree. The weak hands will panic and clamber to sell off, the stackers will sit back & giggle... and buy more. The saddistic side of me is just kicking back and enjoying the show.
I'm also curious as to how his former predictions worked out for him: http://forums.silverstackers.com/message-151098.html#p151098
