Silver falling

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benjamen

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I am loving these dropping silver prices! :clap:

They need to keep dropping until the beginning of May when I make my next purchase. I can see a big stack of ASEs in my future!
 
PMBug said:
Your timing might be slightly off:

http://www.pmbug.com/forum/f13/perfect-storm-pm-volatility-coming-april-25th-fomc-opex-823/

http://www.pmbug.com/forum/f4/qe3-looming-32/index4.html#post7468

The sale may end on Wednesday. I read speculation on the net that the price drop today may be orchestrated for the big boys to load up on the physical before the QE3 pop to come.
Click to expand...


Yes, I am aware of that possibility. Timing is not much of an issue for me. Once a month I allot a certain amount of federal reserve notes to purchase precious metals. Lower silver prices do help my goal of finishing a monster box of ASE's.
 
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I can't figure out why prices are dropping beyond anything other than pure manipulation. There are no fundamentals to support this sell off; none.
 
May 4th is my prediction for an ultimate low for this down cycle. After that we should see a turn.
 
APMEX did a 'silver bar sale' email today. My money is on more movement down through the FOMC and Options Expiry.
 
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