16% drop and still falling !! Crickey

[Photonaware]

Just received my new Dragons today and purchased some more Ag last night using up about a month's income.

Crickey - a 16% instant drop and I've yet to pay.

When will we hit bottom ?

My coffers are looking somewhat light at the moment so entering a panic mode about lost opportunites to add to stack.

Anyone having the same experience ?

 

[Guest]

I can feel the panic in the air.

 

[940palmtx]

Just received my new Dragons today and purchased some more Ag last night using up about a month's income.

Crickey - a 16% instant drop and I've yet to pay.

When will we hit bottom ?

My coffers are looking somewhat light at the moment so entering a panic mode about lost opportunites to add to stack.

Anyone having the same experience ?

Me. I'm buying a tad, but already scratching my head trying to figure out a way to buy in bigger of we go down to 25 or less

 

[metalzzz]

I bought over the last 5 weeks, finished buying a week ago. Great just great. Was not considering buying more until now. I will be sitting tight and pouncing at the turn

 

[Photonaware]

I can feel the panic in the air.

Where I'm sitting I can smell it as well.

 

[Guest]

...Short term noise, I'm in it for the long term. I'm not selling anything now so I don't care about this manipulation...In fact its good, it will wipe more silver off the shelves and create a bigger physical tight squeeze for the near future.

 

[Buzz Killington]

Its showing almost no resistance its going down man, down.

Hello 20's its been a while.

I have some powder dry so im not complaining.

 

[hiho]

growl

 

[spookeychicken]

The question is????

Buy small over the next few weeks

Or

Buy big soon

 

[BBQ]

I was not expecting a dip this great and this long, but I'm ready to buy more.

MORE. MORE. MORE.

[youtube]http://www.youtube.com/watch?v=sZrgxHvNNUc[/youtube]

 

[dragoonf144]

The drop I've been waiting for! Time to stack up guys!

 

[renovator]

I can feel the panic in the air.

Where I'm sitting I can smell it as well.

You can only smell the weak hands.

 

[fishball]

I can feel the panic in the air.

Where I'm sitting I can smell it as well.

You can only smell the weak hands.

^ sage advice. Don't panic. Don't rush to sell.

Only fools and weak hands sell on the way down.

 

[Buzz Killington]

I can feel the panic in the air.

Where I'm sitting I can smell it as well.

You can only smell the weak hands.

Makes me think of April/May this year

It will go up, and it will go down like a roller coaster

If ya cant handle it, buy gold

 

[Earthjade]

The markets will close soon for the weekend.
See what happens on Monday when everybody has had two days to think about what has happened.
I like these charts:

http://finviz.com/futures_charts.ashx?t=METALS&p=m5

It doesn't look like a pre-planned takedown.
When they happen, you usually get one big red bar showing the "hit".
But activity is showing selling all the way to $32 at a constant rate.
I think people are just offloading their ETFs.

 

[Ernster]

Meh this drop hasnt worried me in the slightest. I guess when your dad is dieing it puts thinks in prespective. Although I guess it means I have to buy even more Silver now...sheesh.

 

[Anthony]

I hit refresh 5 times in the last 60 seconds and each time it was down by another 2-10c!

 

[940palmtx]

The value of my stack now is of no concern whatsoever, it's with which PMs do I increase it with

 

[unfunkable]

think this is bad
wait until US market opens

 

[940palmtx]

think this is bad
wait until US market opens

That's what I thought last night. I see value stock buying which can only mean the ash is coming from selling PMs, mostly gold, which I now believe we will see 1650