Dropping Nicely

[SilverSale]

Sooo... the longterm uptrend was pierced end of February - we're now starting to see the full effects of that.

Where to next?

First stop likely low 20's, then expecting a bounce - then *likely* a further wave down.

Some reasonable downside to come in my opinion. (not to be taken as investing advice)

Enjoy!

 

[RetardedMonkey]

I wouldn't use the word 'nicely', but it sure is dropping!

 

[thatguy]

gold coming to the party now

 

[thatguy]

this is insane... VVTF

 

[SilverSpurs]

I just watched silver take a 50 cent hit in less than a minute.

 

[Dustin]

And gold to 1450usd? Is this merely an ETF sell-off?

 

[Clawhammer]

You

Have

got

to

be

kidding !!!

 

[RetardedMonkey]

This is precious metals doing what everyone didn't expect when the world is experiencing financial hardship.

 

[bretto]

Crazy times.

 

[thatguy]

wow just wow

 

[RMP]

All I can do is watch now...

 

[zlatibor]

I think a trip to the mint on my lunchbreak is on the cards... O_O

 

[RetardedMonkey]

I think a trip to the mint on my lunchbreak is on the cards... O_O

Or to the dealer to cash in.

 

[sammysilver]

I think a trip to the mint on my lunchbreak is on the cards... O_O

Let us know if the over the counter pricing reflects the drop in spot?

 

[Phiber]

I think a trip to the mint on my lunchbreak is on the cards... O_O

Or you could wait a bit, might just drop some more.
Till what point though?
Catching falling knifes - I am not a fan anymore.
Just don't over commit !

 

[Holdfast]

I think a trip to the mint on my lunchbreak is on the cards... O_O

To sell or buy? :lol:

 

[zlatibor]

I think a trip to the mint on my lunchbreak is on the cards... O_O

Let us know if the over the counter pricing reflects the drop in spot?

10oz bars selling on PM website for $264.40 - which has dropped from ca. $275 since opening price this morning.
I think they do sell at live prices.

 

[Argent47]

Aww guys, relax.

It will probably fall to ~$20 where there is support. It will then bounce back up with time. There is no support between current prices and ~$20.

I bought at $30.

Relax.

 

[thatguy]

20 x 1oz silver coin - 2013 Perth Mint Kookaburra
SKU 949
AU$567.20

Spot 23.57AUD from BB

 

[RetardedMonkey]

$260 for an NTR 10oz from BullionMoney.

I think I'd rather go buy some paper silver instead of physical.