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Silver just fell 5% in 2 hours!

VanHalenVanHalen Posts: 4,233 ✭✭✭✭✭
in Precious Metals
WooHoo! We're on our way back to single digits!

Before long those rolls of ASEs will be mine for $200. image

Comments

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,447 ✭✭✭✭✭
    image

    There is a pattern over time. Now just time it right.
  • ZriderZrider Posts: 365
    expect more drop because. I just bought a couple bars. @ 18.54
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Just another day in PM land.... Cheers, RickO
  • s4nys4ny Posts: 1,573 ✭✭✭
    The worst part of a bear market comes towards its end. The bear market ends when
    buyers who accumulated on the "pullback" or second leg down finally give up and liquidate
    because they cannot stand the pain.

    We see this cycle over and over again. Markets rise, then become parabolic in their rise, top out, rally towards
    the top but fail, pull back and find support, small rally, resume decline and break prior support, new lows, new buyers,
    rally but fail to take out previous breakdown point, break support, sharp decline... (that is where we are now)

  • Jinx86Jinx86 Posts: 3,710 ✭✭✭✭✭
    Its because of the one ounce I bought yesterday isn't it....Ill post a pic of it Friday.
  • BAJJERFANBAJJERFAN Posts: 31,178 ✭✭✭✭✭
    Seems to be recovering some.
    theknowitalltroll;
  • morgansforevermorgansforever Posts: 8,465 ✭✭✭✭✭
    It's like going back in time but where is the bottom? Are we near it now?


    EDIT: The decline is the result of a booming economy according to the FED, it's happy days from here on out? I know this is a micro sample but, there were 218 applicants for one public works position in a near by town. My friend said she has never seen so many applicants for one position in the 15 years employed there.
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
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