Silver dropped 9% today.

[nimbus]

emotional sell-off, shit is gonna bounce back!!

 

[the.gladiator1987]

lolz

Thats why its called HOLDING in stock market terms

shit goes up and down, no need to panic like you are making it out to seem like I am doing

good try though bro

 

[RottenWillow]

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

But what's Aunt Jemima's position on this?

 

[turtlecool]

dammm

 

[b0und]

George Soros is getting out, time to jump ship.

Seriously.

Steep Drop Tarnishes Big Bets on Silver - WSJ.com

George Soros's big hedge fund, a firm operated by high-profile investor John Burbank and some other leading firms have been selling gold and silver, according to people close to the matter, after furiously accumulating precious metals for much of the past two years.

Their selling suggested the sharp, nine-month run-up for precious metals could be entering more dangerous territory.

Seriously, GTFO!

Remember Soros single handedly fucked up Malaysia's currency to make a buck.

If he is dumping silver, don't stand in the way.











b0und (seriously)

 

[WODIN]

Soros did not cause the Malaysian currency crisis. The Thai government set this off with the float of the Bhat in 97'. *Sigh*.

 

[b0und]

Soros did not cause the Malaysian currency crisis. The Thai government set this off with the float of the Bhat in 97'. *Sigh*.

I exaggerate...

But he did profit from it quite handsomely though.

I wasn't trying to sledge Soros, just overstating his considerable impact.

On topic, silver just dipped below $40. Maybe it will rebound.






b0und (or maybe not)

 

[stevesmi]

down about 20% in 4 days. also the dollar has also gone down. this is why i was saying it was foolish to buy silver if you think the dollar will drop. the more common sense approach would of been to just short the dollar. we still hear that myth from people though

 

[stevesmi]

lolz

Thats why its called HOLDING in stock market terms

shit goes up and down, no need to panic like you are making it out to seem like I am doing

good try though bro

ya gotta diversify in investing.. cannot put all your eggs in one basket. 20% in 4 days is a massive drop. oil is also down which is good so that gas prices come back to earth.

if i were you i would buy some June puts on the SLV 34's or 35's are still not pricey. this way if silver drops another 10% you wont get so obliterated.

 

[stevesmi]

George Soros is getting out, time to jump ship.

Seriously.

Steep Drop Tarnishes Big Bets on Silver - WSJ.com




Seriously, GTFO!

Remember Soros single handedly fucked up Malaysia's currency to make a buck.

If he is dumping silver, don't stand in the way.











b0und (seriously)

its not that he controls the price.. its that he has built such a reputation for being right that everyone follows his lead. same with Warren Buffet.