WOW the North American market don't agree with the rest of the world and a $4 drop just happened.
Posted via RS Mobile

signs of profit taking.. 2 fridays in a row seems like

It just made a new 52wk high, IMO it's gonna continue given Bernanke/Fed's statements today

Buy on the dips!

Wow that guy must have a deep pockets to front the margin requirement. It was min 750K, higher today with higher requirements.

I'm assuming he was trading the regular silver futures? What's your's/his long term view and price target on silver?

$5 drop so far in Asian trading right now. I've been waiting for a correction like this. I''m going to pick some up tomorrow.
Posted via RS Mobile

Its called profit taking, said its gonna drop, this is the 2nd friday in a row. said it on 27th ,last Wednesday happens with commodity markets
Posted via RS Mobile

You keep speaking of a correction in the price of silver, but what are you basing this fact on? As far as I know, there is no reliable model yet to determine the valuation of gold/silver to be over or under valued. So where are you coming up with that it is overvalued and a "correction" is due. This can be simply just demnd fueled drop and based off speculation as most commodity prices are based off.
Posted via RS Mobile

I agree with you. There are many things too list but I'm mainly basing on the way it's out performing gold in the same time making the gold silver ratio decrease. With a huge increase in such a short period of time, there have to be some kind of market correction coming. Don't know when it will happen but it will.
Posted via RS Mobile

Right...at the time of posting, it's back up to ~47.

So what correction are we talking about?

Edit: Time of edit ~$42. FML.

^ I totally missed the drop, picked some up at ~$45

I bought some yesterday at $44.50us and today it's at $41.08. As long as it keeps dropping, then I'll be buying but I have no more money now.
Posted via RS Mobile

~$41 right now? too bad I am stuck at work, would picked up some more if that price stayed til I make it to vbce later ...

Spot is at $37.50 us/ozt right now. About a $12us drop from 4 days ago.
Posted via RS Mobile

$33/ounce right now!

can't talk, on my way to vbce right now

Just as a general question, what are your bases for acquire physical silver ATM while it's experiencing this drastic crash in price?

I see a crash in price as a boxing day sale :D. Good time to buy for me. I get physical for the long term so I will always be buying physical when I feel comfortable to do so. Just a few ounces every now and then nothing big. I guess it's to hedge against inflation. A $40 ozt silver I buy now will be worth the same in 20 years then the $40 paper money I have now.

Good thing I opted out buying silver when it was so high.

I am still kicking my own ass for not buying more gold when it was 700 per ounce....

a kilo bar was 22500 now trading at 46000
not bad for a 4 year investment

Yeah he's trading regular silver. Not mini. Actually he was trading 130 contracts. I didn't see that he had a few contracts in other months.

He got out about 1.5 weeks ago. He gave back about 7million before he got out. Of course he's still up several million.

Lol I think the bears have taken over or are starting to take over. After today's huge drop, tomorrow could see a small correction then probably some whipsaw (but still downward).

Lol you can always short silver. If I had 20grand 2 weeks ago I woulda shorted it on that first long red with a huge upper shadow at the peak of silver (daily).
Posted via RS Mobile

Any of you guys shorting silver now?

silver is the most manupilated metal. comex rules made slv drop. but its still in hold status, it might drop in summer/ but by summer end it gonna jump again

"Debt deal is close" Down goes silver!

please elaborate?

Lol. A NY times reporter said that he heard that Obama and Boehner were saying they were close to a deal on raising the debt ceiling. Silver was dropping fast but 15 minutes later the White House said that wasn't true. So scratch what I said, for now.