Is This The Correction We've Been Waiting For?

laxmaster92 · May 2, 2011 11:35PM

Although the price of silver is still high relative to last months prices, will it continue to fall?

akuracy503 · May 2, 2011 11:44PM

I truly believe with this volume and propoganda in media the tide has turned.
Sentiment is changing for the casual silver trader.

derryb · May 3, 2011 12:26AM

Keep your eye on the ball: the fundamentals and the long term outlook.

291fifth · May 3, 2011 12:29AM

Only the manipulators know for sure.

DrBuster · May 3, 2011 12:42AM

Short term/quick profit taking? Still hoping for the climb to $50+ here.

Bear · May 3, 2011 2:20AM

This is merely a short term manipulation by big short position holders to

drive the p[rice down. I do not believe that it will work, so it is advisable

to sit tight and buy the dips.

Steve27 · May 3, 2011 2:50AM

"Is This The Correction We've Been Waiting For?"

No, when the real one hits, you won't need to ask.

OPA · May 3, 2011 2:56AM

<< This is merely a short term manipulation by big short position holders to

drive the p[rice down. I do not believe that it will work, so it is advisable

to sit tight and buy the dips. >>

It's working so far.. down 15% + so far & counting.

I always get a chuckle when on a down trend I see the word "manipulation" or "conspiracy"...

I guess no one believes in "taking a profit" anymore on speculative driven industrial commodities. Eventually silver will find a threshold & resume what ever market conditions dictate.

akuracy503 · May 3, 2011 2:59AM

I predict an afternoon selloff again.

InYHWHWeTrust · May 3, 2011 3:11AM

<< I predict an afternoon selloff again. >>

If you feel VERY strongly about this, buy ZSL to mitigate your AGQ damage. Buy ZSL with fear and trepidation however, as several board members will attest. It's just not in my bones...

when the S&P starts to tank, short away...

moo

BBQnBLUES · May 3, 2011 3:12AM

I'm keeping my fingers crossed that Silver will _Continue to take a slow dive until June 5th.... when I'll have the CA$H to buy 2 more 10zer's

signed..
Tapped Out for May

MoneyLA · May 3, 2011 3:50AM

At times like this, the following are true:

1. those who want silver/gold prices to go up will claim there is manipulation to drive prices down

2. those who want silver/gold prices to go down will claim that the rally has been exhausted

the reality is, no one really knows.

you have to make your own best judgment about what you want to do with your money. there are many, many variables that can affect the markets. but the most important thing is that you should never put yourself in a position where any kind of move in the markets should make you panic.

for long term holders, if you are properly positioned in the market you can ride out any storm or surge to the upside or the downside.

for short term traders, dont be afraid to say "I was wrong" and take your profits before they become losses, and don't be afraid to take your losses before they become bigger losses.

renman95 · May 3, 2011 3:58AM

<< "Is This The Correction We've Been Waiting For?"

"We are the one's we have been waiting for."

Couldn't resist. Lots of backfill. Healthy correction for a new and higher base for the summer.

roadrunner · May 3, 2011 5:03AM

Hoping miners would get dirt cheap again. My wish is coming true. It does appear that silver has completed an ABC wave down at $40.75
which was an area of fairly strong support. If one drew a line through all the highs from Nov-March, today's low bounced off that line as well.
This might just be the first leg down. A bounce to recover some of the recent $9 loss would be expected. The next lower region of multiple support
lines is around $35-$37. But don't want to go there as it would tend to indicate this run up is dead and a multi-month correction is playing out.

Still figuring this is a made-for-TV boondoggle to get as many people out of PM's as possible, especially silver. The banksters must have covered shorts like crazy today.
With 3 silver margin hikes in just 5 days, I think we can be assured we won't see any more for a few weeks...lol.

roadrunner

jmski52 · May 3, 2011 5:06AM

"These are not the droids you're looking for"

derryb · May 3, 2011 11:33AM

<< Is This The Correction We've Been Waiting For? >>

And some.

OPA · May 3, 2011 8:45PM

<< 

<< Is This The Correction We've Been Waiting For? >>

And some. >>

Yup..with a 20% drop so far, it's official.

grabba · May 3, 2011 11:46PM

and then some more

$39.71

pf70collector · May 4, 2011 12:08AM

I am holding my silver for a least 20 years. Most bought in the $8-$15 dollar range, except this year about 175 ounces bought in the $28-$32 mostly pucks in the beginning of the year. Shaking out the physical in weak hands. If it ever falls to the $20 range I will be buying again. Perhaps orchestrated by JPM and others from $32 to $49 and then a dramatic drop to $40s again to shake out the physical or is it all paper trading cr*p.

Spooly · May 4, 2011 7:33AM

Two more margin increase! One Thursday 5th and another one Monday 9th! CME bunch of #$^%!$&!

I wonder how much $$$ that cost JPM?

Its time to move to gold!!

UconnL · May 4, 2011 7:43AM

So do you think that all of this increase in Margin Req's is just to save some large banks?

My concern is that possibly some large refiners/dealers will be "stuck" with this drop from 48-38 in 4 trading days and that may cause further short term damage into the high 20's... BTW remember the $1mm bet that siver will drop to 25? Interesting...
Still feel that AG will be $55+ w/in 18 mos...

Wingsrule · May 4, 2011 8:07AM

remember the $1mm bet that siver will drop to 25? Interesting...

They paid a dime, now trading at $0.24 bid / $0.25 ask as of today's close.

Is This The Correction We've Been Waiting For?

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