Plunge?

[DanielM]

ASX is up 60 points

We might see sub 20Aus

 

[Eruaran]

asx is up 58 points

Yeah sorry, I think I might have jumped the gun a bit there... the markets seem all over the place. The Nikkei is currently down 111 points though...

 

[DanielM]

Something fishy is going on here.

Just like in April there was no reason for Silver to go to $49, fast forward to now and there is no logical reason for silver to drop this much.

I would be tempted to buy here. (if I had the money)

Pffft, since when has not having the money stopped anyone from buying in this great land of ours? It got us in a big mess so far, if that 60in led 3d tv went on sale 98% of the population would snap one up on an interest free period for sure

 

[Caput Lupinum]

Chinese selling in an attempt to free up more liquidity?

 

[Eruaran]

*looks at charts*

I have no idea what's going on.

 

[RetardedMonkey]

Another plunge in gold and silver is awesome for buyers

Bad for anyone else holding precious metals..

 

[Lunardragon]

saw that one as it happened .. wow

http://forums.silverstackers.com/uploads/4269_clipboard01az.jpg

PHUCK!

 

[RetardedMonkey]

It's across the board, markets are plunging.

Bitcoin is holding steady

 

[Eruaran]

Another plunge in gold and silver is awesome for buyers

Bad for anyone else holding precious metals..

Too bad you didn't read the rest.

 

[volrathy]

as much as what the graph says up there my "spot" price is


1oz Silver Koala 2013 - $25.90

aka what it costs to buy 1 oz koala from a dealer

 

[willrocks]

So are we there yet?

Have we broken Mike Maloney's up-trend channel?

 

[willrocks]

Looks like Platinum and Palladium are holding up nicely. Is it just Gold and Silver dropping?

 

[Eruaran]

Now that the tree is being shaken good and hard, everybody loses their minds...

[youtube]http://www.youtube.com/watch?v=G0AXgaFqEas[/youtube]

 

[sippy_stacker]

Looks like Platinum and Palladium are holding up nicely. Is it just Gold and Silver dropping?

Silver gold beta is 1.4...therefore, silver follows gold up or down + 40%

Silver is the drama queen of the PM's :lol:

 

[Eruaran]

Looks like Platinum and Palladium are holding up nicely. Is it just Gold and Silver dropping?

All prices in USD...

Gold: start 1343.22 - currently 1322.10
Silver: start 19.57 - currently 18.92
Platinum: start 1343.22 - currently 1322.60
Palladium: start 660.52 - currently 654.00

 

[willrocks]

Looks like Platinum and Palladium are holding up nicely. Is it just Gold and Silver dropping?

All prices in USD...

Gold: start 1343.22 - currently 1322.10
Silver: start 19.57 - currently 18.92
Platinum: start 1343.22 - currently 1322.60
Palladium: start 660.52 - currently 654.00

Ah.. I was looking at a kitco 8 hour graph.

 

[Phiber]

So are we there yet?

Have we broken Mike Maloney's up-trend channel?

Probably not - he is working right now on the next chart to explain how this is still going strong.

 

[willrocks]

So are we there yet?

Have we broken Mike Maloney's up-trend channel?

Probably not - he is working right now on the next chart to explain how this is still going strong.

Not the old "move the bottom trend line" trick again?

 

[Altima]

I was actually imagining him making a video saying...

"I give up!"

 

[willrocks]

This'll be his next trend line: