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Old 05-15-2012, 08:59 AM   #1
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Silver monkeyhammered again

As usual, the New York pits opened up with no bid for silver. She gave back all her Asia gains and then some. Today will be interesting to say the least. We get to find out if Greece defaults on some bonds today.
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Old 05-15-2012, 09:21 AM   #2
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Look at the dollar index. According to Kitco's calculations, all the PMs are actually up in trading terms:

http://www.kitco.com/kitco-gold-index.html
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Old 05-15-2012, 01:52 PM   #3
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Now silver is seeing down trading in addition to the dollar strengthening pressure.
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Old 05-15-2012, 02:00 PM   #4
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Very likely going to drive it down to 24-ish. But slowly. That way they hope to drive off all the 'little guys' who bought over that price.
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Old 05-15-2012, 02:10 PM   #5
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Originally Posted by Jetstream View Post:
Very likely going to drive it down to 24-ish. But slowly. That way they hope to drive off all the 'little guys' who bought over that price.
That's what ticks me off the most.People who made the decision to protect themselves get discouraged & sell out..(or don't buy fearing a drop)
What will they be left with,facebook or groupon paper tp...


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Old 05-15-2012, 03:25 PM   #6
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I just noticed in Turds comment section on his latest post that he got a call about JPM. Says they are about to experience huge silver margin calls, so expect the selling to continue for a while.
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Old 05-15-2012, 03:44 PM   #7
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Interesting: http://www.tfmetalsreport.com/commen...comment-166261
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Old 05-15-2012, 04:11 PM   #8
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So, I go to the doctors for a check-up, get wadded up in a traffic diversion off of I-95 because of a giasnt brush fire and spend an extra hour in needless traffic, and silver has been crunched again. Good! Punch this fucker all the way down to eighteen I say. At lower prices I can buy that much more.

Bring it on Blythe, bring it on!
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Old 05-16-2012, 12:55 PM   #9
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Into the $26's....
GSR about 57/1..Maybe time to consider trading Au for Ag???


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Last edited by BigJim; 05-16-2012 at 01:05 PM.
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Old 05-16-2012, 01:09 PM   #10
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FOMC hinted at QE talks. Deep discount is likely over for today.
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Old 05-16-2012, 01:16 PM   #11
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Somebody knew what was coming and crashed metals 30 minutes before the release (as soon as the comex closed / globex opened ) to limit the impact of the initial spike at 2pm.
It's so ridiculously obvious...
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Old 05-16-2012, 01:31 PM   #12
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Holy Shit Batman!!
What the hell was that?!?!?
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