What's dropping PM's now?

Discussion in 'Silver' started by mmissinglink, May 14, 2013.

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  1. mmissinglink

    mmissinglink Active Member

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    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.
     
    mmissinglink, May 14, 2013
    #1
  2. Phiber

    Phiber Well-Known Member Silver Stacker

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    I think looking for reasons is hopeless as pm prices do ot seem to follow logic
     
    Phiber, May 14, 2013
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  3. Lucenzo

    Lucenzo Member Silver Stacker

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    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.
     
    Lucenzo, May 14, 2013
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  4. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    I'm staying out of this one...
    No comment. :p
     
    wrcmad, May 14, 2013
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  5. thatguy

    thatguy Active Member

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    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
     
    thatguy, May 14, 2013
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  6. Aureus

    Aureus Active Member Silver Stacker

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    [​IMG]
     
    Aureus, May 14, 2013
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  7. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    That's a veiled personal attack if ever I read one. :p
     
    Eureka Moments, May 14, 2013
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  8. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Yeah, I wouldn't want to personally attack someone with a 'useless' post that states my differing opinion. :D

    Edit: no comment.
     
    wrcmad, May 14, 2013
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  9. Altima

    Altima Well-Known Member Silver Stacker

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    Cos there's more selling than buying?
     
    Altima, May 14, 2013
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  10. House

    House Well-Known Member Silver Stacker

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    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 :D
     
    House, May 14, 2013
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  11. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    It really is that simple. :)
    no comment
     
    wrcmad, May 14, 2013
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  12. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Final no comment.
     
    wrcmad, May 14, 2013
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  13. thatguy

    thatguy Active Member

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    Nope chuck testa
     
    thatguy, May 14, 2013
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  14. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    ^^^ Finally, some stats I can get my head around. :p
     
    Eureka Moments, May 14, 2013
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  15. Giodor8

    Giodor8 Active Member

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    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! :)
     
    Giodor8, May 14, 2013
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  16. DanielM

    DanielM Active Member Silver Stacker

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    Bye bye? To where? To establish an even lower bottom? Again?
     
    DanielM, May 14, 2013
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  17. smeagol

    smeagol New Member

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    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...
     
    smeagol, May 14, 2013
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  18. Rubbing Elbows

    Rubbing Elbows Active Member

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    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
     
    Rubbing Elbows, May 14, 2013
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  19. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Go to 3 minutes 08 secs.

    Hint that QE may stop before the end of 2013. :rolleyes: :lol:

    Jim Comiskey explains:

    [youtube]http://www.youtube.com/watch?v=IhtiN1UxgK8[/youtube]
     
    Holdfast, May 14, 2013
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  20. Rubbing Elbows

    Rubbing Elbows Active Member

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    Lol!, this guy didn't even know what day it was
     
    Rubbing Elbows, May 14, 2013
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