WOW! What just happened?

Discussion in 'Silver' started by MelbBrad, May 1, 2011.

Page 1 of 9
  1. MelbBrad

    MelbBrad New Member

    Joined:
    Nov 29, 2010
    Messages:
    624
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    Down over 10% in the blink of an eye....
     
    MelbBrad, May 1, 2011
    #1
  2. thatguy

    thatguy Active Member

    Joined:
    Jan 18, 2011
    Messages:
    5,805
    Likes Received:
    2
    Trophy Points:
    38
    Location:
    Brisbane
    heading back up... Keep going down pls :)
     
    thatguy, May 1, 2011
    #2
  3. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

    Joined:
    Feb 23, 2011
    Messages:
    5,465
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    The Land of Guilty by Default
    Stella, Contrarian and others were right to take profits! Look how silver is tanking ... its just the beginning ...

    I'm getting nervous!!
     
    Yippe-Ki-Ya, May 1, 2011
    #3
  4. Stedlar

    Stedlar Active Member

    Joined:
    Aug 16, 2010
    Messages:
    1,053
    Likes Received:
    15
    Trophy Points:
    38
    [img=funonthenet]http://www.funonthenet.in/images/stories/forwards/Roller-Coaster/Six-Flags-Marine-World.jpg[/img]
     
    Stedlar, May 1, 2011
    #4
  5. MelbBrad

    MelbBrad New Member

    Joined:
    Nov 29, 2010
    Messages:
    624
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    Upon reflection, this 'correction' bodes well for the POS going forward. I'm starting to agree with many here who wish for a correction. Not to buy, as I'm content with what I've got and the renovations are getting costly, but to cool the market a little. A race up from $27 to $48 recently was a bit quick. As much as I liked the look of the bottom line of my stacker spreadsheet, this correction is a good thing...unless it corrects to $10/oz, by which time the truck will be well and truly backed up.
     
    MelbBrad, May 1, 2011
    #5
  6. MelbBrad

    MelbBrad New Member

    Joined:
    Nov 29, 2010
    Messages:
    624
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    I wonder where the support will be?
     
    MelbBrad, May 1, 2011
    #6
  7. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

    Joined:
    Feb 23, 2011
    Messages:
    5,465
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    The Land of Guilty by Default
    $30 i reckon...
     
    Yippe-Ki-Ya, May 1, 2011
    #7
  8. aleks

    aleks Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    2,210
    Likes Received:
    27
    Trophy Points:
    48
    Location:
    Karl-Marx-Allee
    WWWWEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
     
    aleks, May 1, 2011
    #8
  9. Ernster

    Ernster New Member

    Joined:
    Feb 19, 2010
    Messages:
    1,735
    Likes Received:
    0
    Trophy Points:
    0
    wtfffffffffffffff this sucks got no spare cash:(
     
    Ernster, May 1, 2011
    #9
  10. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

    Joined:
    Feb 23, 2011
    Messages:
    5,465
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    The Land of Guilty by Default
    WHOLEEEE SHEEET!!! New assholes are being torn ....

    **what was that sharp pain i just felt!!??**

    Hey Contrarian - stop grinning mate!!! It's NOT THAT FUNNY!!! :D

    And John, go to your corner!! Stop kicking us while we're down! :)
     
    Yippe-Ki-Ya, May 1, 2011
    #10
  11. bluenetworx

    bluenetworx New Member

    Joined:
    Apr 7, 2011
    Messages:
    20
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    does anyone know what causes these massive movements? I find it so hard to know what is going on, and can't help but feel like buying silver is like gambling when this stuff happens
     
    bluenetworx, May 1, 2011
    #11
  12. hiho

    hiho Active Member Silver Stacker

    Joined:
    Apr 4, 2011
    Messages:
    7,816
    Likes Received:
    21
    Trophy Points:
    38
    Location:
    South Brisbane
    its called artificial manipulation so certain groups or individuals can buy in a reduced prices. It is genrally done when there very thin volumes. You must remember there are still supposedly massive amounts of silver shorts about so these may be playing their part.

    I wouldnt worry too much by the end of the day once asia, europe and the US are on line the price will stabilise around A$40
     
    hiho, May 2, 2011
    #12
  13. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,634
    Likes Received:
    119
    Trophy Points:
    63
    Location:
    sydney
    Its because silver is highly speculative and volatile.
    You can win big money with large risk.
    You gamble , you can lose.
    Silver fallen 11%,
    gold 0 .5%

    However,if you hold on,maybe it will come back.
    The reason I'm in gold and not silver is I can't take the stress,or afford to lose the money.
     
    Peter, May 2, 2011
    #13
  14. rbaggio

    rbaggio Active Member Silver Stacker

    Joined:
    Aug 5, 2010
    Messages:
    4,300
    Likes Received:
    6
    Trophy Points:
    38
    Location:
    Australia
    Did the longs get out, because of the increase in margin requirements last week?
     
    rbaggio, May 2, 2011
    #14
  15. registered nutcase

    registered nutcase New Member

    Joined:
    Mar 6, 2011
    Messages:
    200
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Brisbane
    Wow. Hate being a new stacker. I'm now in the red!
     
    registered nutcase, May 2, 2011
    #15
  16. silvertongue

    silvertongue Member Silver Stacker

    Joined:
    Oct 18, 2010
    Messages:
    899
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Depends on the day
    Wow, a US$5 tank. There's something you don't see everyday, well, not for 30 years anyway. ;) I can't wait to see what happens in 13 hours. :D
     
    silvertongue, May 2, 2011
    #16
  17. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,648
    Likes Received:
    581
    Trophy Points:
    113
    This is what we mean when we say the price of silver is volatile. Goes down just as fast as it goes up.

    Just like the GSR.
     
    goldpelican, May 2, 2011
    #17
  18. thatguy

    thatguy Active Member

    Joined:
    Jan 18, 2011
    Messages:
    5,805
    Likes Received:
    2
    Trophy Points:
    38
    Location:
    Brisbane
    That was me @ 31... now history, will be happy to be back there though
     
    thatguy, May 2, 2011
    #18
  19. Dabloodymess

    Dabloodymess Active Member

    Joined:
    Jul 7, 2010
    Messages:
    1,347
    Likes Received:
    2
    Trophy Points:
    38
    Location:
    Russia
    Gotta give it to them, they definitely picked a high point which is always difficult... Bravo lads :)
     
    Dabloodymess, May 2, 2011
    #19
  20. Slam

    Slam Well-Known Member Silver Stacker

    Joined:
    Sep 27, 2010
    Messages:
    1,294
    Likes Received:
    49
    Trophy Points:
    48
    Location:
    Au
    Gold only dropped 20 bucks.

    Slam
     
    Slam, May 2, 2011
    #20
Page 1 of 9

Share This Page