Does this drop shake the trees?

tneig

)So what happens now? Will this drop, temp or not, shake the trees a bit? Pickens have been a little thin lately, so will more stuff show up on craigs, at the pawn shops, and B&Ms because of it? I'm expecting 'some' panic selling and to have more available tomorrow.

cohodk

Panic selling will come at $18

Timbuk3

I'm cautiously buying !!!

Pokermandude

<< <i>Panic buying will come at $18 >>



FYP. Though I highly doubt the buyers will wait until $18 to back up the truck.

derryb

Pretty much sideways until August Jackson Hole meeting where Ben will have an opportunity to arrive by helicopter.

cohodk

<< <i>

<< <i>Panic buying will come at $18 >>



FYP. Though I highly doubt the buyers will wait until $18 to back up the truck. >>



Selling is what makes bottoms, but buying. The panic buying was in Apr 2011.

I am sure there will be buyers on the way down. Hopefully it will drop quickly so as to not suck in too many and create further angst.

Kip

Damn glad I dumped mine a while back....worthless antique crap...

coinnerd

I don't see any selling locally. much less panic selling. My local B&Ms have sold all the physical silver and gold they had to walk ins this week (except 2012 ase and age that still have a big premium).

morgansforever

It seems the stuff that was around at local shops is gone.
No more tubes of ASE's, barely any 90%, no quantity of anything.
Perhaps shop owners pulling inventory? DOW dropped 250, PM's took a hit too.
Think Moody's will downgrade 15 global banks? As a reader what am I supposed to take away from it?

Moodys

cohodk

As a reader what am I supposed to take away from it?

That the banks will have to save more for a rainy day which makes them stronger.