Price drop?

Discussion in 'Silver' started by Nub Cannon, Feb 23, 2011.

  1. Nub Cannon

    Nub Cannon New Member

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    Is there any other possible reason for this price drop besides "the banks" beating down the price because with all the rioting going on in North Africa and the Middle East I would assume that the POS would still go up. Anyways, it looks like we might get another good buying opportunity if this downtrend continues into next week.
     
  2. Blame_Game

    Blame_Game New Member

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    traders could just be cashing in on some gains.
     
  3. Nub Cannon

    Nub Cannon New Member

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    hmm maybe that's why there were those massive dips in the Asian market the past couple of nights. I've just never seen dips like that in the Asian markets before.
     
  4. Ernster

    Ernster New Member

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    Personally I think we'll see $34-$35 within the next couple weeks, shit is heating up around the world.

    ........which is very likely to not happen since I'm predicting it:lol:
     
  5. Matthew 26:14

    Matthew 26:14 New Member

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    Markets of any kind often overshoot and fall back.
     
  6. Agauholic

    Agauholic New Member

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    yeah... Stocks got punished today.... decent correction there....

    now onwards bitches.
     
  7. pmstacker

    pmstacker New Member

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    Saw those articles on zerohedge about korean banks having to close down business due to insufficent fractional reserves. :| Yes there is alot of sh!t simultaneously happening around the world.
     
  8. Sickboy1031

    Sickboy1031 New Member

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    Looks like today was the chance to buy
     
  9. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    South kinda sounds bad if you are a Southerner :)
     
  10. Ag

    Ag Well-Known Member Silver Stacker

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    hotel 46 - agree - 'correction' has much more class...
     
  11. Nub Cannon

    Nub Cannon New Member

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    you guys are right, correction does sound a lot better :D
     
  12. Golden

    Golden Member

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    What price drop? We are at 33+ ?

    Anything 30+ is a nice price.
     
  13. PrettyPrettyShinyShiny

    PrettyPrettyShinyShiny Well-Known Member

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    mmhmm :)
     

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