After last nights major drop ((1st March 2012) for later reference)) It will be interesting to here all the silver Youtuber permabulls come up with some sort of reply in favour of their views to diffuse their ideals By the way, I'm long on silver but it will be intriguing all the same to listen to there BS stories I'll start the ball rolling -- The rocket ship to daaaaaaaaaaa moooooooooon ran out of petrol and needs gravity to get it there now.
Goes with the territory chap - just another buying opp/gift for me - I'm still well up from buying Ag $26 & up http://silverdoctors.blogspot.com.au/2012/02/commercials-nearly-double-net-silver.html - The medium/long trend is UP, and will remain so whilst the World economy stays on its present course. (Curious how it happened EXACTLY almost to the minute during the hours I've been asleep, ie: it wasn't happening as I was going to sleep - and now I'm awake it's OVER lol!) x
The 'plumbers', aka PPT, were kept busy opening and closing the valves of manipulation... One day, the whole shebang will explode in their faces, then we'll see who has the Gold and who's holding the leaking can !
Lol, buying two pandas last night wasn't exactly an excellent choice! Still though, it's a long haul thing with this silver business.
We need to start feeding you heaps of coffee and no-doze so you stay awake. We can't have this happen again.
225 MILLION OUNCES OF PAPER SILVER OVER 30 MINUTES used to smash gold by $65 and silver by $2!: http://silverdoctors.blogspot.com.au/2012/02/cartel-dumps-225-million-ounces-of.html#more
I do love this line " we'll see who has the Gold and who's holding the leaking can !" go on punk make my day :lol:
A waterfall decline attack by the cartel to reverse Feb 28 breakout above the 10 month downtrend line and the October peak. Silver was looking too strong. Silver chart can fall to 32 and still look strongish. Weekly close will be interesting. Chart is weekly 2 year showing the correction in silver with the 10 and 40 week moving averages as stand-ins for the 50 and 200 daily moving averages. Puts the knockdown so far into perspective
Selling gold and silver that doesn't exist in massive quantities is my explination. Manipulation is the reason for the drop, 100%.
It was absolutely manipulation. That's what the permabulls will say and all the rest with any sort of common sense. What happened today was criminal. However, I think it creates a great buying opportunity.
I agree with hilaire and rbaggio Deliberate manipulation wasn't the cause (who cares about paper anyway?). The computers doing the trading weren't programmed for a 29 day February, so dropped the ball. And the Combi bar group buy paid for the bar yesterday!! Sorry guys. My fault. This happens 2.7568% of the time I buy PM
same here! I only wanted one of each. I was caught up at work today, doing work of all things, so last I saw spot was 34+ and climbing. Nice to see it went down in time for me to save a few dollars on my recent purchase (and loose a few hundred on my existing silver)
*puts on the Mr. RetardedMonkey hat* I think the reason silver dropped is because the magical line went from the top to the bottom as illustrated above.
When people say 'manipulation' what do they mean actually happened? What mechanisms? If silver is that valuable, and 'they' know it, why are they selling it in such huge amounts? Because its just paper perhaps? How does one determine the amount of silver sold to cause such a shift?
