Calm down, I'm pretty sure it was a joke because it's a panic thread lol. EDIT: maybe not, said he was selling on another thread as well.
Haha. I said that with a hint of sarcasm. I have no idea how to invest in stocks! But seriously, he said in another forum thread if anyone wants to buy his gold/silver. lol
Better yet buy bonds! Or wait, what about leveraging to buy some bonds and then also getting the credit card fired up hehe
I hope it stays down for a while cause I cant buy until the dentist has finished emptying my bank account.
According to some conspiracy theorists PMs dropping are a lead-in to the next major economic event. http://www.canadafreepress.com/index.php/article/52005
And according to some conspiracy theorists, the world is run by alien lizards. If you got that above information from a site on the internet, it must be true!
Remind me again, when was the last time the DJI was at 15,000 odd, and metals all of a sudden starting plunging... Hmmm....
With $26.50 being broken, if the price doesnt bounce back above $26.50 within the first few days of next week, I would suggest silver will head much lower. If this happens next week, I will be waiting for a new baseline in price to emerge before buying.
I can't see it going back under $20 myself then then again what do I know it's all controlled by futures traders and they just trade the trend Good luck to all timing the price movements
Just like in shares etc, the old adage of not trying to catch a falling knife is good advice here. If the price goes $25, $24 etc etc its less risky to wait until the price stabilizes before buying in.
Got a feeling pretty soon a major bank/investment firm is about to go the same way as Lehmans...Kapow!
Media claimed that the gold price fall was due to concerns about the reported but later denied Cyprus's Central banks 10 tonnes gold sale. Even if sold, and even if it's to the market not another central bank, what is 10 tonnes? The IMF on-market sale of 2010 was 10 times that much and it only slowed the price uptrend. So this can't be the (only) reason. Then the Federal Reserve central banks 'leak' about stopping bond purchasing / low interest policy end this year. Wasn't that reported before this sudden price collapse? I hope the price doesn't rebound before thursday, then the next COT report will show if the futures market side was responsible for this.
Well, for people like me this completely sucks because I need to sell physical metal REGARDLESS of the market, just to pay the bills!
