Whats up with Silver this evening.
Julio
Posts: 2,501 ✭
Down $1.93.
0
Julio
Posts: 2,501 ✭
Comments
GSR has spiked to 64-67. This is nuts. If anyone had 24 hr stops set on the spot price, they just got cleaned out. Don't see how else the price
could have dropped 10% in 5 minutes with more than half of that coming in one minute.
They took gold down only $8 or so to $1351....after an initial bounce higher to $1365. The dollar is down sharply vs. Yen, Cando, and most everything else.
That drop in silver makes no sense unless they needed to hit the metals before they spiked the other way on the Yen/USD turning hard.
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Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
(Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
<< <i>Something doesn't sound right. >>
It may not sound right, but it's happening. Gold pushed down to $1339. Currencies swinging with the Yen doing the most whipsawing.
Seems the shorts are intent on continuing to smash PMs. If GSR stays in this 64 breakout range, it's history for the metals for potentially quite a while longer.
1. round number
2. intersection of the 2 lines formed by the Jan/Apr 2013 and Nov 2012/Apr 2013 lows.
3. perfect retest of the 2 year downtrend line formed by the 2011/2012 highs.
Item 3 is the biggy. If there was an ideal place on the chart to start a rebound from, we just saw it.
A large change in the dollar-euro-yen mix tonight got this all going. We'll see if the USD/Yen pair can fill that large opening 2 hr gap tonight. If night, good chance that
was the high for a while. GSR in the 64-67 range tonight needs to get back to <63 or this breakout could mean continued trouble for PMs.
Liberty: Parent of Science & Industry
<< <i>Yeah, but 1 oz. silver rounds with a busty babe on them are still $30 each >>
why is that? difference in paper and physical pricing?
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
Liberty: Parent of Science & Industry
No manipulation, just normal supply and demand. The underlying long-term fundamentals went down 8% briefly, but are now recovering nicely.
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<< <i><< Whats up with Silver this evening. >>
No manipulation, just normal supply and demand. The underlying long-term fundamentals went down 8% briefly, but are now recovering nicely.
The entire move in GSR from 62 to 66.9 was wiped right back out. That was not much more than a test dump to see how the market would respond or how easy it would be to push
past $20.00. The stress test tonight sort of failed. NY will probably try again Monday or Tuesday to revisist the $20's and fill the gap left behind at $20.61.
Knowledge is the enemy of fear
<< <i>Blame my kid. >>
Tell him/her thanks for the opportunity to pick up USLV on the cheap first thing this morning. Just flipped it with enough profit for two more green boxes. Tell the kid to take it back down to $22 so I can place the order.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Just flipped it with enough profit for two more green boxes. >>
dang.....
Too many positive BST transactions with too many members to list.
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>Blame my kid. >>
Tell him/her thanks for the opportunity to pick up USLV on the cheap first thing this morning. Just flipped it with enough profit for two more green boxes. Tell the kid to take it back down to $22 so I can place the order. >>
Gee, just curious....does that mean you bought several hundred thousand worth of USLV this morning to achieve that quick flip profit of roughly 30K?
Big numbers and big nads!
DSLV works well on the down cycle.
Playing silver's volatility is risky but it can be rewarding. Get in and get out, don't get greedy.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Congrats on obtaining the knowledge to profit nicely in this grizzly world.
Too many positive BST transactions with too many members to list.
<< <i>nice work... give a heads up next time
Heads up: stack physical for long term.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>nice work... give a heads up next time
Heads up: stack physical for long term. >>
I believe he was referring to a "short term" heads up, not long term!
<< <i>
<< <i>Blame my kid. >>
Tell him/her thanks for the opportunity to pick up USLV on the cheap first thing this morning. Just flipped it with enough profit for two more green boxes. Tell the kid to take it back down to $22 so I can place the order. >>
Uncle Sam loves transactions like yours.
Liberty: Parent of Science & Industry
<< <i>
<< <i>
<< <i>nice work... give a heads up next time
Heads up: stack physical for long term. >>
I believe he was referring to a "short term" heads up, not long term! >>
You have to paper trade your own gut, not mine.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>it's getting volatile >>
Man oh man is it ever. Ag with a 12% swing in 12 hours?? WTF?
<< <i>
<< <i>nice work... give a heads up next time
Heads up: stack physical for long term. >>
That's awesome! Peanuts, roated salted and shelled today
Knowledge is the enemy of fear