Realcent.org

They're crushing the price again this morning You take a look at netdania's silver chart and there is a huge volume spike and a forty cent drop in a four minute span

Thanksgiving rally seems over; never was any followthrough...

I just looked at kitco before coming on RC. Somebody is swinging a big hammer this morning.

It looks like they are transfering money from silver to "powerball"

barrytrot wrote:It looks like they are transfering money from silver to "powerball"

I thought people were dumping metals to buy TV's. Your answer seems more logical.

When's the drawing for the powerball?

barrytrot wrote:It looks like they are transfering money from silver to "powerball"

good answer, good answer

JobIII wrote:When's the drawing for the powerball?

I think tonight and HOPE tonight as I didn't get a chance to buy the "team's tickets" yet and my wife finally has a chance during the noon-ish nap time for our daughter.

Maybe I'm crazy, but this looks like a buying opportunity if you played in paper

Market Harmony wrote:Maybe I'm crazy, but this looks like a buying opportunity if you played in paper

Which I just did. Bought some more USLV, not much, but at a better price than yesterday

the minute to minute action is interesting

http://netdania.com/Products/live-streaming-currency-exchange-rates/real-time-forex-charts/FinanceChartPopUp.aspx?symbol=XAGUSD|netdania_fxa&name=Silver

of course it will go down I bought 100 ounces yesterday

dakota1955 wrote:of course it will go down I bought 100 ounces yesterday

I didn't want to hex the direction... but I also bought heavily earlier this week. "Curses, foiled again!"

beauanderos wrote:

dakota1955 wrote:of course it will go down I bought 100 ounces yesterday

I didn't want to hex the direction... but I also bought heavily earlier this week. "Curses, foiled again!"

It's only a flesh wound.

good one, Doug... gotta love the visuals

looks like we're starting to get a bounce back

Was busy this morning and this all came and (almost) went before I realized what happened. Gold is down more than silver, which is unusual and a sign of some type of background difference (silver short covering still in effect?). Plus it's a USD-index related move, and gold is still money is some parts of the world, so PMs will take a short-term hit from that. Silver down only 30-ish cents at this point - less than 1%. Gold is down nearly 2%, was headed up and started to reverse again when the USD index joggled. So there is definitely a USD index related instantaneous over-reaction but these moves tend to dampen out over hours and days and come back to a rational valuation.

Is the move up done? Maybe for near-term, but the overall cup and handle is still there and waiting for the breakout move.

Looks like gold spot was attacked and driven down and silver just spiked down in sympathy with the gold drop, but there was no reason for it to stay down.

Looks like the da boyz may be getting the red carpet yanked out from under them today

Good call on yesterdays paper play.

Rodebaugh wrote:Good call on yesterdays paper play.

too bad I could only afford 18 shares.. . it's up $4 per share already

beauanderos wrote:

Rodebaugh wrote:Good call on yesterdays paper play.

too bad I could only afford 18 shares.. . it's up $4 per share already

1800 or 18,000??

... and there's the take-down.

bankmining wrote:... and there's the take-down.

it get's OLD... doesn't it?

I'm getting whiplash from all this back and forth.