WOW! What just happened?

MelbBrad said:
Down over 10% in the blink of an eye....
Click to expand...

Stella, Contrarian and others were right to take profits! Look how silver is tanking ... its just the beginning ...

I'm getting nervous!!
 
[img=funonthenet]http://www.funonthenet.in/images/stories/forwards/Roller-Coaster/Six-Flags-Marine-World.jpg[/img]
 
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.
 
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! :)
 
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 said:
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
Click to expand...

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
 
bluenetworx said:
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
Click to expand...
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.
 
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
 
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.
 
Yippe-Ki-Ya said:
MelbBrad said:
Down over 10% in the blink of an eye....
Click to expand...

Stella, Contrarian and others were right to take profits! Look how silver is tanking ... its just the beginning ...

I'm getting nervous!!
Click to expand...

Gotta give it to them, they definitely picked a high point which is always difficult... Bravo lads :)
 
You must log in or register to reply here.
Back
Top