Silver dropped 9% today.

[miplank]

now is the time to buy!

 

[75th]

Or they can quote me from the other thread from 10 days ago where I linked to non-Stone Cold University educated analysts saying silver was expensive and that any changes in capital requirements would hit it hard, and that the price is no longer based on supply and demand due to the institutional presence and leverage they bring with it.

Wait....what's this?

Silver futures plunged as much as 13 percent as CME Group Inc. raised the amount of cash that traders must deposit for speculative positions.

Hedge-fund managers and other large speculators cut their net-long positions in New York silver futures by 26 percent in the week ended April 26, according to U.S. Commodity Futures Trading Commission data.

“The gold-silver ratio has come down to levels about 30 recently after silver’s run-up, which means silver had become expensive in relative terms,” said Lee Joon, a senior trader at Woori Futures Co. in Seoul.

 

[miplank]

glad will single handedly bring the market back with his ebay purchases!!!!1

 

[calveless wonder]

But silver always has value!!!

 

[miplank]

But silver always has value!!!

tr00...

I believe the calculation is

1 silver .25=1 loaf of bread

 

[calveless wonder]

Oh well. There's life after silver.

Like turfgrass management

 

[samoth]

Your all dumb! Its only a temporary pullback! Next stop is $100!

Look, here's a random article from google that I havent read but it proves Im right! Silver prices could touch $100 an ounce if fiat currencies fail: analyst - Commodities & Futures

 

[75th]

lol @ that article.

"Silver can increase in value if the US and therefore Global economy completely dissolves as we know it."

No shit. Sad thing is suckers like Glad buy into all this.

 

[Wulfgar]

Sharks are in the water now, some profit takers from very large long positions.

I made $1784 from the rebound off the initial drop though.

Bought at 43.196, could have made more but didn't stay in long - too volatile.

I'm more comfortable with my AUD/USD, EUR/AUD, AUD/JPY pairs anyway.










b0und ( )

Ya im pretty long Aussie too... still holding longs on AU from .92 on up ... Aj I havent been as high on...

Also keeping pretty much all high yield currencies that are hedged agaisnt the buck... the greenback has made a helluva carry trade since Uncle Ben turned on the Cash spigot

 

[canadianhitman]

the greenback has made a helluva carry trade since Uncle Ben turned on the cash spigot

lmfao!