Plunge?

Discussion in 'Silver' started by Alfie, Jun 26, 2013.

Page 1 of 4
  1. Alfie

    Alfie Active Member

    Joined:
    Jul 27, 2011
    Messages:
    413
    Likes Received:
    51
    Trophy Points:
    28
    Location:
    It's girt by sea
    POG and silver dropped through the floor!!
     
    Alfie, Jun 26, 2013
    #1
  2. Au-mageddon

    Au-mageddon Active Member

    Joined:
    Jan 14, 2012
    Messages:
    1,788
    Likes Received:
    17
    Trophy Points:
    38
    saw that one as it happened .. wow

    [​IMG]
     
    Au-mageddon, Jun 26, 2013
    #2
  3. Jislizard

    Jislizard Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,517
    Likes Received:
    639
    Trophy Points:
    113
    Location:
    Australia
    But the GSR stayed the same (-ish) spooky!
     
    Jislizard, Jun 26, 2013
    #3
  4. DanielM

    DanielM Active Member Silver Stacker

    Joined:
    Oct 23, 2012
    Messages:
    2,889
    Likes Received:
    29
    Trophy Points:
    38
    Location:
    Melbourne
    Well spotted!
     
    DanielM, Jun 26, 2013
    #4
  5. Altima

    Altima Well-Known Member Silver Stacker

    Joined:
    Feb 7, 2013
    Messages:
    4,178
    Likes Received:
    58
    Trophy Points:
    48
    Location:
    Canada/Singapore
    Wow!

    Is it just me, or is it because every time someone says that they have bought big, the prices drop some more?!
     
    Altima, Jun 26, 2013
    #5
  6. ounces

    ounces New Member

    Joined:
    Feb 12, 2013
    Messages:
    56
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    United States
    I almost pulled the trigger just before the plunge glad I waited
     
    ounces, Jun 26, 2013
    #6
  7. Lunarowl

    Lunarowl Active Member Silver Stacker

    Joined:
    Jun 6, 2011
    Messages:
    2,326
    Likes Received:
    19
    Trophy Points:
    38
    Location:
    Lala-land [Sod-nee]
    Any explanation anyone?
     
    Lunarowl, Jun 26, 2013
    #7
  8. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

    Joined:
    Apr 13, 2011
    Messages:
    4,062
    Likes Received:
    17
    Trophy Points:
    38
    Location:
    Brisbane, Australia
    And it hasn't stopped.
     
    RetardedMonkey, Jun 26, 2013
    #8
  9. DanielM

    DanielM Active Member Silver Stacker

    Joined:
    Oct 23, 2012
    Messages:
    2,889
    Likes Received:
    29
    Trophy Points:
    38
    Location:
    Melbourne
    The red line on the chart is slightly going forward while also going very down
     
    DanielM, Jun 26, 2013
    #9
  10. DanielM

    DanielM Active Member Silver Stacker

    Joined:
    Oct 23, 2012
    Messages:
    2,889
    Likes Received:
    29
    Trophy Points:
    38
    Location:
    Melbourne
    I might be jumping on some unallocated, try hedge a good spot for when the horsies come
     
    DanielM, Jun 26, 2013
    #10
  11. trew

    trew Active Member Silver Stacker

    Joined:
    Aug 24, 2011
    Messages:
    3,653
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Melbern
    Gold mining shares already getting whacked - didn't take long
     
    trew, Jun 26, 2013
    #11
  12. Alfie

    Alfie Active Member

    Joined:
    Jul 27, 2011
    Messages:
    413
    Likes Received:
    51
    Trophy Points:
    28
    Location:
    It's girt by sea
    Just did a spot of shopping
    10 kooks @ $28.30
    Pretty suss, doesn't look like one of those blips we see sometimes
     
    Alfie, Jun 26, 2013
    #12
  13. Altima

    Altima Well-Known Member Silver Stacker

    Joined:
    Feb 7, 2013
    Messages:
    4,178
    Likes Received:
    58
    Trophy Points:
    48
    Location:
    Canada/Singapore
    To be honest, I would feel stressed if it drops to 10 USD.

    Not cos of the drop but cos I would have ran out of fiat to buy PMs as such stupidly cheap prices!
     
    Altima, Jun 26, 2013
    #13
  14. DanielM

    DanielM Active Member Silver Stacker

    Joined:
    Oct 23, 2012
    Messages:
    2,889
    Likes Received:
    29
    Trophy Points:
    38
    Location:
    Melbourne
    Exactly, I'd probably redraw on the loan to get a couple monster boxes. You know? Because it's cheap. Not like the guys who bought at the top
     
    DanielM, Jun 26, 2013
    #14
  15. pdkbffwleo

    pdkbffwleo New Member

    Joined:
    May 28, 2013
    Messages:
    320
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    United States
    Yep. happens every time.

    #$%#^$%#^$#%@#%
     
    pdkbffwleo, Jun 26, 2013
    #15
  16. Golden ChipMunk

    Golden ChipMunk Well-Known Member

    Joined:
    Dec 12, 2012
    Messages:
    7,899
    Likes Received:
    1,319
    Trophy Points:
    113
    Location:
    Perth, Jupiter, Venus, Mars
    EOFY?
    watch it will drop even further.
    Panic sell off.
     
    Golden ChipMunk, Jun 26, 2013
    #16
  17. Yeti Hunter

    Yeti Hunter Member

    Joined:
    May 16, 2013
    Messages:
    172
    Likes Received:
    3
    Trophy Points:
    18
    Location:
    Canberra
    But then why the sudden drop? It was right after Hong Kong opened.... have the Chinese started cashing out?
     
    Yeti Hunter, Jun 26, 2013
    #17
  18. Phiber

    Phiber Well-Known Member Silver Stacker

    Joined:
    Nov 21, 2012
    Messages:
    1,595
    Likes Received:
    31
    Trophy Points:
    48
    Location:
    Australia
    Is sentiment towards the metals getting worse?
    It's been pretty crap since the big drop a couple of months ago but I don't feel the recent drops are dragging the sentiment further down. Maybe a big spike down would do that, but it doesn't look like this is doing much.
     
    Phiber, Jun 26, 2013
    #18
  19. Altima

    Altima Well-Known Member Silver Stacker

    Joined:
    Feb 7, 2013
    Messages:
    4,178
    Likes Received:
    58
    Trophy Points:
    48
    Location:
    Canada/Singapore
    A drop during Asian market sessions are never a good sign!
     
    Altima, Jun 26, 2013
    #19
  20. volrathy

    volrathy Active Member

    Joined:
    Oct 29, 2012
    Messages:
    1,004
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    Blue Haven NSW
    its been a good run now its over
     
    volrathy, Jun 26, 2013
    #20
Page 1 of 4

Share This Page