Silver is sinking like the TITANTIC

[PROSPECTORMIKEL]

An ounce of gold will still buy 10 barrels of OPEC oil!!!
THAT'S BEEN GOING ON FOR MORE THAN A FEW DECADES.

 

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[Treasure_Hunter]

Gold began dropping with in minutes of Bin Laden's death announcement, other metals following...... Just like oil prices are affected if an Arab Sheik sneezes, precious metals also react to politics including the death of Bin Laden.....Even oil prices dropped on news of his death......

In the long run they will all go back up although silver may drop a little more or move up a little slower, silver will still follow gold....

 

[hombre_de_plata_flaco]

I believe this is just another small correction and that prices will continue to eek back up from this point.

And yes - this was all about Bin Laden IMO. Faith in America and the Dollar goes up ^ Precious Metals go down v

It is already being called the "Bin Laden Bubble".

 

[Seajay]

Yes, I think the Osama Bin Laden thing has caused a lot of exuberance and knee-jerk reaction. Initially, oil took a $3.00 drop as well. Those in it for the profit should take the profits while the price is going up. Those in it for the long haul because of what is happening with our government, the dollar, economy, etc. will wait for the rebound.

 

[ivan salis]

speculators with osama dead -- see a safer world for america * and thus a possibly a bit stronger dollar thus they are shifting positions --taking money (profiets) dropping silver prices and making a "panic sell" the sky is falling situation for small time investors --time to drive out the "nervious money" of little guy investors -- by drive prices low so they dump their contracts ( sell their opitions contracts cheaply) and the big money folks pick em up on the cheap ---classic big money --- pump and dump --pump (drive prices up luring in "investors" to get futures contracts) and then sell off a lot of it to get them to short sell or dump the contracts (not actually take phyisical ownership) thus causing the price to drop like a rock at which point they buy up the opitions on the cheap or let them "expire" .

those that sell the futures opitions do not want the opition holders to take phyisical ownership of the item at a "high price" up swing --because it will cost them a bundle * so when its time to "pony up" the real asset -- tank the market * to prevent folks from "using" the opition they bought (taking actual phyisical control of said amount of whatever item the future contract covers --(silver in this case)

big time "naked sellers" --those who do not have the actual amount of whatever item they are selling futures contracts for on hand at the time of sale of the contract * REALLY do not want to have fill the OPITION CALLS * since they will have to buy at high price to fill them (thus losing lots of money) --so BIG MONEY pushes little money around via "market manipulation" --pump and dump cycles .--been doing it for years --once one is wize to it on can profiet by "market timing" buying and selling as the market "trends" as the professional market men call it -- by watching the big money movements and acting accordingly

it's not called a OPITIONS CON-tr-ACT fer nothing you know

 

[Vodka1000]

So I'm just wondering how low silver will drop before we will see it going up again.
Damn in last 2 days silver lost almost 20% of its value.
Time to buy ??
To late to sell ??
Well I got all my silver for a fraction of today price.

 

[ivan salis]

the scared sucker money should be shaken out by now * the long term "hard riders" will not sell -- should "bottom bounce" soon. --and start the slow climb upwards again.

 

[TheRandyMan]

Relax, my friends...this was not unexpected at all...

A 10% to 20% correction was anticipated and eagerly expected by all those who understand that these dips are called OPPORTUNITIES

So, a 20% correction would put us about $38 to $39 per ounce...keep your powder dry until then.

The fundamentals of the world economic situation have not changed...the world is awash in debt and dollars. Silver will be volatile, gold less so, but the overall trend for commodities will resume upwards. Every stock market chart goes up and down but the fundamentals will push these markets higher and higher...Buy on the dips and remain confident!

Hyperinflation is coming...interest rates are going up soon...There is no way they can stop this...

Check this link out for a clear explanation of what is going to happen...

http://www.theenergyreport.com/pub/na/9452

Also, read the articles in my thread in Money Markets and Currencies here...

http://forum.treasurenet.com/index.php/topic,381983.0.html

Knowledge is Power

 

[hombre_de_plata_flaco]

Man, looks like I may have been REALLY wrong. Silver is getting slammed right now. 20% in 3 days I had some 90% dimes and quarters up on ebay - I had to change the Buy It Now price twice to match spot price before I finally just ended the auction. Time to sit on this stuff I guess.

 

[Marchas45]

Man, looks like I may have been REALLY wrong. Silver is getting slammed right now. 20% in 3 days I had some 90% dimes and quarters up on ebay - I had to change the Buy It Now price twice to match spot price before I finally just ended the auction. Time to sit on this stuff I guess.

Where you the one that kept changing the price will I was trying to buy?

 

[Silver Surfer]

My jaw about hit the floor this afternoon seeing the continued drop in silver... In it for the long run, and still up on our big silver buy, but it went from nearly doubled profit to now about $8-9/oz above what we paid.. That CANNOT be simply from profit seekers, there HAS to be some manipulation being done... I know the Fed and the Treasury are really fed up with people investing in PM's instead of stocks and/or dollars, so I highly doubt they will put much effort into nailing whoever is responsible (just like oil manipulation)...
At this point, I just hope it goes down to $30/oz again so we can buy some more... '-)

 

[brendan1414]

lol how i can i say this nicely... i told you so! im still kind of mad because i WANTED it to go higher...

 

[Treasure_Hunter]

lol how i can i say this nicely... i told you so! im still kind of mad because i WANTED it to go higher...

Your only correct if it stays down, otherwise it is still simply a correction....

 

[brendan1414]

well how long until its not corrected... lmao i want it to go back up, and i want real answers. people gve alot of BS on here that they just read, and its just ear candy... obvious by how everyone thought it wouldnt go down a penny, and "never" go below $45. HA!

 

[Marchas45]

well how long until its not corrected... lmao i want it to go back up, and i want real answers. people gve alot of BS on here that they just read, and its just ear candy... obvious by how everyone thought it wouldnt go down a penny, and "never" go below $45. HA!

You know I don't usually get upset at anyone on here but your starting to irritate the heck out of me as I have lost a bunch of money this past week along with a bunch of other folk and the only way we can get it back is if it goes back up. So please stop saying I told you so.

 

[Treasure_Hunter]

well how long until its not corrected... lmao i want it to go back up, and i want real answers. people gve alot of BS on here that they just read, and its just ear candy... obvious by how everyone thought it wouldnt go down a penny, and "never" go below $45. HA!

I don't remember seeing anyone say it wouldn't go down a penny, a 20%+ loss is expected in the silver correction. As far as "people gve alot of BS on here that they just read" your on a Treasure website, just where do you think the info is going to come from, go to a metals forum board where there are actual silver traders if you don't like info that is posted here about it......... It is like walking into Walmart jewelry department and asking for a diamond appraisal....They can tell you its a pretty diamond, but their not going to be able to give you a genuine true appraisal..........

 

[dogpound]

dang i knew i should of made brendan1414 my financial adviser

 

[brendan1414]

Marchas45:

Im sorry that you lost money, but didnt we all? i mean THINKING positively in these things are only a trick, and dont make the prices rise...

Treasure_Hunter:

I like your opinions and ideas alot. The last post was true, ive just been a bit tired of rolling my eyes the past few weeks when prices were rising, and SEVERAL people acted like they KNEW it was going up... its like, use your brain a little, dont just take whatever info some websites tell you... now im not talking about you at all, but SEVERAL others, including some that have posted in this thread... just look at the ridicule, and now see whos right...

 

[jim4silver]

well how long until its not corrected... lmao i want it to go back up, and i want real answers. people gve alot of BS on here that they just read, and its just ear candy... obvious by how everyone thought it wouldnt go down a penny, and "never" go below $45. HA!

You know I don't usually get upset at anyone on here but your starting to irritate the heck out of me as I have lost a bunch of money this past week along with a bunch of other folk and the only way we can get it back is if it goes back up. So please stop saying I told you so.

Marchas,

Unless you sold for a loss you didn't lose. Don't worry, silver will go up way farther than it has ever been this past week someday in the future. It may take a couple of years, but there is no way they can ever fix the dollar/debt situation here. No group of people (seniors, middle class, rich, etc) want to give up any benefits or goodies they now have, so I doubt there will be any cuts, just more inflation and printing until the machine eventually breaks down. At that time gold/silver will be the asset to own. I am kicking myself for not buying into a leveraged, bear silver etf when it hit near 50. I was 99 percent sure it was gonna correct due to the incredible rise in the past few weeks. Gains like that always correct in any market, but it doesn't mean that the bull run is over. So like you, I lost money too if you count lost opportunity costs.

I am actually glad silver is correcting because I stopped buying in the low 20s and want to buy more. This might be your last chance to buy more silver at a lower price. I am waiting until under 35 to start dollar cost averaging again as/if it falls. I had a chance to buy some Maples when silver was 27 for a buck over spot and thought that was too much to pay, I regret not buying them now that is for sure. If I ever believe we are near a bottom again I plan to go all in with my investment $$$$$ in silver and not buy anymore gold, which I am heavy now compared to silver.

What I have said in other posts on the CRHing forum is whatever you do don't become a "kool aid" drinker. By that I mean just because a site may stand for things you believe in (such as PMs being a great asset, etc), don't believe everything they say. Some people like to recite what they read like it is gospel truth and it is just some article writer's view. I always like to read articles and views that directly contradict my core beliefs. Sometimes you can gain valuable knowledge that way and get a better, more balanced picture of what really is happening even when you disagree with almost everything said writer is saying in his/her article.

Jim

 

[brendan1414]

well how long until its not corrected... lmao i want it to go back up, and i want real answers. people gve alot of BS on here that they just read, and its just ear candy... obvious by how everyone thought it wouldnt go down a penny, and "never" go below $45. HA!

You know I don't usually get upset at anyone on here but your starting to irritate the heck out of me as I have lost a bunch of money this past week along with a bunch of other folk and the only way we can get it back is if it goes back up. So please stop saying I told you so.

Marchas,

Unless you sold for a loss you didn't lose. Don't worry, silver will go up way farther than it has ever been this past week someday in the future. It may take a couple of years, but there is no way they can ever fix the dollar/debt situation here. No group of people (seniors, middle class, rich, etc) want to give up any benefits or goodies they now have, so I doubt there will be any cuts, just more inflation and printing until the machine eventually breaks down. At that time gold/silver will be the asset to own. I am kicking myself for not buying into a leveraged, bear silver etf when it hit near 50. I was 99 percent sure it was gonna correct due to the incredible rise in the past few weeks. Gains like that always correct in any market, but it doesn't mean that the bull run is over. So like you, I lost money too if you count lost opportunity costs.

I am actually glad silver is correcting because I stopped buying in the low 20s and want to buy more. This might be your last chance to buy more silver at a lower price. I am waiting until under 35 to start dollar cost averaging again as/if it falls. I had a chance to buy some Maples when silver was 27 for a buck over spot and thought that was too much to pay, I regret not buying them now that is for sure. If I ever believe we are near a bottom again I plan to go all in with my investment $$$$$ in silver and not buy anymore gold, which I am heavy now compared to silver.

What I have said in other posts on the CRHing forum is whatever you do don't become a "kool aid" drinker. By that I mean just because a site may stand for things you believe in (such as PMs being a great asset, etc), don't believe everything they say. Some people like to recite what they read like it is gospel truth and it is just some article writer's view. I always like to read articles and views that directly contradict my core beliefs. Sometimes you can gain valuable knowledge that way and get a better, more balanced picture of what really is happening even when you disagree with almost everything said writer is saying in his/her article.

Jim

very well said jim