Silver Has Biggest Three-Day Decline Since 1983, Leading Commodities Lower http://www.bloomberg.com/news/2011-...ine-since-1983-leading-commodities-lower.html Silver had its biggest three-day drop since March 1983, crude oil tumbled to a two-week low and gold, copper and grains fell after money managers made near-record bets on high commodity prices in April. Silver plummeted 19 percent since April 29 as increases in Comex margin requirements drove investors away, and oil declined after a U.S. report showed supplies surged. A drop in a gauge of U.S. service industries and lower-than-forecast jobs growth damped economic optimism. Twenty-two of 24 commodities in the Standard & Poor's GSCI Total Return Index fell. Treasuries rose. Silver stackers lost about 40% dollar value of their stack.
Which was the 'correction' cough cough, when only the Globex was open and someone sold about 10 oz and moved silver down about 3 gazillion percent? Minds not what it was and all that. Remember missing my sell on Fresnillo by about 3 pennies and thought oh well, get out next open. ...........Did I get whacked on that one when it did !! Made up my mind soon after not to trade miners ever again and never have to this day. Just GM and coins!
So thats what SS has turned into ....Like bunch of pensioners sitting around telling stories about the old days .... "I remember when silver was ...... " :lol: :
Some of them are pensioners sitting around telling stories about the old days *vanishes for another day*
Actually I remember $4.50 silver - but I thought $480 was a stupid amount of money to spend on a 100oz bar, so I didn't.