I don't have that answer....I thought PM's were slowly supposed to be heading north. If you have an idea about why the down movement I'd like to know.
are u refering to the drop in the last hour or 2 or over the last month? if the last hour or 2 i wouldnt worry about it, it's been dropping and gaining as much as 50-60c in day for the last few weeks.... but it your refering to the last month your so, from what i can gather and what alot of other people around here are saying is it is due to a huge COMEX dump of silver. that my understanding of it all anyways, feel free to correct/educate me if i've missed the mark.
coppers copping a floggin... and silver is grating along a support line bottom, so we could see a bounce or a fall. Am hoping for a fall
Yeah, I wouldn't want to personally attack someone with a 'useless' post that states my differing opinion. Edit: no comment.
Holla at our resident elucidator Pirocco, usually able to explain drops with loads of Comex/COT info. Was going to copy and paste this explanation and change some dates for shizz and giggles but couldn't be arsed on the iPhone
Its very fishy I say. Just get your hands on more physical while you still can. Dont think this bottom will hold for 6 months like the $26.50 bottom last year so buy buy buy or its gonna be bye bye!
stocks are going well... USD is strong-er... then you have the bond market... tbh i think in the short-term at least, its likely that SLV has more downside... somewhere just under $20/ounce and then up from there but for now, there's not much in the economy that suggests a shoot upwards... unless the fed comes out with more QE really soon... but realistically, while the market is moving sideways its probably only worth picking small pieces here and there and then going big on the larger dips...
Not sure what the rest of you are doing, but I'm buying the Physical silver, it's either physical silver or disposable razors from woolies, as I swear they've gone up by at least 40% in the last 12 months
Go to 3 minutes 08 secs. Hint that QE may stop before the end of 2013. :lol: Jim Comiskey explains: [youtube]http://www.youtube.com/watch?v=IhtiN1UxgK8[/youtube]