My guess it will break 14 tomorrow morning. Stops will be triggered. Ouch. I'm astounded that we can buy 2015 kooks for almost 18 bucks. Wow, wow...and if provident doesn't up their premium...I'd say 17'ish tomorrow morning. I'll have to myself into debt on that one.
Yeah. I've always bought whatever is cheapest and a few ASE's, but these prices are looking good! Probably going to skip this purchase and wait for another low.
I just bought a roll of the kookaburra at like $18.20. Probably should have waited, but didn't know if they would run out of stock.
Dropping nearly a dollar usd in like 5 minutes at 1600 EST...that's not based on fundamentals, something crazy is happening, I'm buying a little on this drop. I'm not bullish about silver to the moon before new years but I really don't think we're going to finish this low. It's kind of like perth bullion is doing a cyber Monday sale after all...
Emotion in the market? A response to the current oil price war or the general drop in commodity prices? People giving up on PMs?
Hedge funds & what-not (i.e., the big boys) who play in the paper market have been blowing up.. Maybe they should have been buying the physical, instead? At least that way, they'd have something to show for it. Possibly even some gains, if they chose right.
They simply hit the power-off button on the machines, so all the Ag algo bids suddenly disappeared, setting off an even larger chain reaction.. Those who have money in the paper markets are getting hit hard. Larger players are having their large trades blow up on them. Meanwhile, those who chose the right physical, even at the peak, may be sitting on some nice gains as we type.
