Tuesday - Good or Bad ?????

Discussion in 'Silver' started by Bulawan pilak, Jul 19, 2011.

  1. Bulawan pilak

    Bulawan pilak New Member

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    I think this may have been asked before, but I cannot find a post.

    Why does the price drop in Gold and Silver on a Tuesday in particular, compared to other days?

    Any ideas???
     
    Bulawan pilak, Jul 19, 2011
    #1
  2. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Good question ,I never noticed .
     
    spannermonkey, Jul 19, 2011
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  3. Sargeant Argent

    Sargeant Argent New Member

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    I don't know but any day you can buy physical for under 40 bucks is a good day ;)
     
    Sargeant Argent, Jul 20, 2011
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  4. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

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    It's because Tuesday and Wednesday are the cheapest days to buy petrol. Perhap people are literally "cashing" in their "money" to buy fuel.
     
    Captain Kookaburra, Jul 20, 2011
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  5. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    The last guy that asked this question disappeared! ;)
     
    Clawhammer, Jul 20, 2011
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  6. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Would it be because on Tuesday Australia time is when the markets in the US open on their Monday morning?
     
    Shaddam IV, Jul 20, 2011
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  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I noticed this but not having been around long enough or recorded any stats on it, I didn't know whether it was true or not. I kind of kept it as my own little theory, obviously not alone.

    Maybe it's built up tension from the previous weekend's news stories that causes rushes on the pm exchanges, or mondays are contract days or, hang on a minute.......there's a knock at the door......odd........it's some gentlemen in dark suits.........I'll just be back in 1 minu
     
    mmm....shiney!, Jul 20, 2011
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  8. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    My take? Don't read too deeply into it.

    October 19th, 1987 - Monday Black Monday

    October 29th, 1929 - Tuesday Black Tuesday

    October 15th, 2008 - Wednesday No Widely Recognized Name As Yet

    October 24th, 1929 - Thursday Black Thursday

    September 24th, 1869 - Friday Black Friday

    Other Notables
    March 27th, 1980 - Thursday Silver Thursday "The Hunt Brothers et al."

    May 6th, 2010 - Thursday Flash Crash of 2:45
     
    Roswell Crash Survivor, Jul 20, 2011
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  9. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Wasn't there a fat-finger-friday?
     
    Clawhammer, Jul 20, 2011
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  10. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Oops...double-post :(
     
    Clawhammer, Jul 20, 2011
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  11. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    You are most likely referring to Flash Crash on May 6th, 2010, a Thursday.

    It may have been reported on Friday in Australia due to our time zone.
     
    Roswell Crash Survivor, Jul 20, 2011
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  12. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

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    Irony Wednesday :D
     
    Captain Kookaburra, Jul 20, 2011
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  13. Bulawan pilak

    Bulawan pilak New Member

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    I am still here...although there was a man climbing up the power poll outside our neighbourhood today which is a bit strange....

    It was great to wait fot Tuesday while I was buying as I could assess how muc the POS would fall, but now that I am fully reloaded, the Tuesday hump is just annoying.
     
    Bulawan pilak, Jul 20, 2011
    #13

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