PM Dip

[scrapper2010]

Could be a good buying opportunity for silver & gold. Gold getting hit even harder than silver as of now.

[Oakair]

I was watching the 2min chart when this happened...Took me a few seconds of google search to determine the cause...Pretty neat how instant such things are

[beauanderos]

The bullion bank cartel has a HFT algorithm that pulls down PM's whenever the DOW is down. They don't want the public to perceive them as a safe haven investment.

[slickeast]

I see TPTB are playing their games again.

[SilverDragon72]

I wouldn't mind seeing the PM's go lower for a while....good opportunity to increase my stack of PM's!

[DebtFreeMe]

Ya, I'm purchasing a large lot of ASEs, Maple Leafs, and other coins tomorrow... So this is a good thing for now.

[beauanderos]

Ya, I'm purchasing a large lot of ASEs, Maple Leafs, and other coins tomorrow... So this is a good thing for now.

Wait to place your orders until about 10:10am EST. Usually da boyz will start hammering the market (if they are going to) right at 10:00am and it takes them a few minutes to get the job done.

[Cu Penny Hoarder]

Stock market futures are dragging PMs down... gold is down $50 and silver is down $1.70. If the stock market drops some more, it's going to pull PMs down with it. If you're going to buy, buy small and keep lots of powder dry for when it goes lower.

[barrytrot]

Stock market futures are dragging PMs down... gold is down $50 and silver is down $1.70. If the stock market drops some more, it's going to pull PMs down with it. If you're going to buy, buy small and keep lots of powder dry for when it goes lower.

I'm going to load up more fake silver with derivatives. It's been pretty easy money the last SEVERAL times this happened.

[Hawkeye]

Dang it! I just bought some last week. Maybe it will stay down for a while so I can increase the stack.

[justj2k78]

Yes, I am going to attempt to locate a seller today - I buy in mini-chunks, looks like a good day to chunk up!

[Cu Penny Hoarder]

Stock market futures are dragging PMs down... gold is down $50 and silver is down $1.70. If the stock market drops some more, it's going to pull PMs down with it. If you're going to buy, buy small and keep lots of powder dry for when it goes lower.

I'm going to load up more fake silver with derivatives. It's been pretty easy money the last SEVERAL times this happened.

You have big gonads Barry. I'll stick with physical. Good luck to you.

[justj2k78]

Went ahead and picked up a 1/2 dozen Eagles at $33 each. That's as exciting as I get!

[Oakair]

Dang...This triggered a standing buy order I had for USLV...

I guess I'm in at 36.25

[68Camaro]

The bullion bank cartel has a HFT algorithm that pulls down PM's whenever the DOW is down. They don't want the public to perceive them as a safe haven investment.

The big move yesterday was more than HFT - there was another giant dump of paper silver shorted (I believe I read something like 675 million toz). The interesting thing (to me) is that they are now having to literally dump a half-year+ of annual silver production almost every week in order to keep silver tamped down to $32.

[68Camaro]

The emperor is about to be found without clothes on. The great and powerful oz is about to be revealed...

[Cu Penny Hoarder]

The emperor is about to be found without clothes on. The great and powerful oz is about to be revealed...

I'm confident that it will, but I have a feeling that this paper game could go on much longer than we expect it to.

[beauanderos]

The emperor is about to be found without clothes on. The great and powerful oz is about to be revealed...

I'm confident that it will, but I have a feeling that this paper game could go on much longer than we expect it to.

THEY are suppressing the market with money that costs THEM nothing. It costs US. WE (the fiat-holding public) will actually wind up footing the bill for their shenanigans. The result will be the greatest wealth transfer in history. The price will be hyperinflation. WE (if you've prepared) will be the NEW one percent.

[Treetop]

The emperor is about to be found without clothes on. The great and powerful oz is about to be revealed...

I'm confident that it will, but I have a feeling that this paper game could go on much longer than we expect it to.

THEY are suppressing the market with money that costs THEM nothing. It costs US. WE (the fiat-holding public) will actually wind up footing the bill for their shenanigans. The result will be the greatest wealth transfer in history. The price will be hyperinflation. WE (if you've prepared) will be the NEW one percent.

If or when it comes to that, would "they" let you keep it? Or would they vilify you publicly, heck even perhaps try to blame you for the troubles... (you bet against the dollar after all, arguably against your neighbors as well, did you WANT them to fail?? ) similar things have happened before. Even in our own country we have had gold confiscations in the past, under much lighter issues then we currently face with a government that had much less power over individuals then it does today....

Its diversity into other hard assets for me...

[68Camaro]

What PMs? I don't have any...

[Engineer]

I'm amazed at how flat the market has been after the slow motion smackdown yesterday...but we're just headed into the London open, and things are bound to get interesting soon. Favors have to be repaid and all...

[beauanderos]

They've spent alot of ammo on the smackdown. At some point they will have to cover their shorts and reload.

[Thogey]

The silver market looks wierd right now.

[inflationhawk]

Surprised its flat with the weak employment report Friday. China inflation numbers just came in higher than expected for March too.

[Engineer]

The silver market looks wierd right now.

Nice spike. Somebody must have needed to cover some shorts, and I'd bet that spike triggered a ton of $32.50 sell orders.