WOW! What just happened?

hobo-jo said:
I think this will bounce HARD. Wish I had on online account where I could buy this dip.
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you can buy online at gainsville with no account & the price is updated every 2 minutes so you get current prices shipping is fair priced $75 flat fee +25cents an ounce
 
Must say though, to anyone out there having a heart attack over the POS dropping so quickly, now is a good time to examine why you're having that reaction and re-evaluate why you're holding physical silver. Are you stacking for long term wealth creation, speculation, investment, insurance or SHTF? How does such a price drop fit with your strategy?
 
goldpelican said:
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.
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This translates directly to silver is still being manipulated
 
goldpelican said:
Must say though, to anyone out there having a heart attack over the POS dropping so quickly, now is a good time to examine why you're having that reaction and re-evaluate why you're holding physical silver. Are you stacking for long term wealth creation, speculation, investment, insurance or SHTF? How does such a price drop fit with your strategy?
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I just want to make money...simple as that ;) Should we be worried?
 
Looks like all the action was on the globex market before sydney opened. Someone sold silver and bought gold.
 
goldpelican said:
Must say though, to anyone out there having a heart attack over the POS dropping so quickly, now is a good time to examine why you're having that reaction and re-evaluate why you're holding physical silver. Are you stacking for long term wealth creation, speculation, investment, insurance or SHTF? How does such a price drop fit with your strategy?
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Agreed. For those who are confident in their long term strategy, these short term movements are opportunities not times for freaking out. I will be looking to expand now, and definitely not retreat.
 
Silverthorn said:
Looks like all the action was on the globex market before sydney opened. Someone sold silver and bought gold.
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Smart money?
 
VERY thin volume to cause that $5 tank. Let's just see what unfolds. Looks like someone just sold their paper silver at any price. Perhaps a fat fingered trader caused it also? Anyway, $45+ by the end of the day is my bet.
 
Nugget said:
Silverthorn said:
Looks like all the action was on the globex market before sydney opened. Someone sold silver and bought gold.
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Smart money?
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Maybe but silver gapped up and the GSR gapped down over the holiday weekend so was likely to correct a bit.
 
Is cool, you have to remember the silver market is small compared to Gold. That breeds volatility into the spot price when someone big takes a profit. It will come back pretty quickly.

PS: Did Stella sell some more ?
 
I suppose if you were a silver trader and you could see the media phase approaching with prices rising, you would hope to cause some changes in the POS.
This on first site IMO is manipulation, and after reading a bit this week having the POS slow down is a good thing as we want the price to rise gradually.
$90 by the end of year is a good price. I have to wait a bit to buy large shortly..... 'Just keep swimming'.....'Just keep stacking'
 
Probably should've taken opportunity of this dip and bought from APMEX/Gainsville... but stupid credit card bill due today so can't splurge :(
 
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