42.20 and dropping

[panther]

i was off by 2 business days... $6 drop .. holy [shucks]

[Coppertop]

What is going on?

[panther]

correction!

[panther]

and it just jumped $1 back up to 43.21.. today (monday) is going to be NASTY

[beauanderos]

It's not a correction, it's more manipulation.

[aloneibreak]

this will sort out the panic sellers and the long term holders...

dont anyone get hasty...

[panther]

either way, i will be opening the door for my local dealer tomorrow @ 9am

[Thogey]

This is good. Ready to back er up?

[panther]

This is good. Ready to back er up?

yep. i've got about 15g to invest, i'm thinking 10 physical, i might throw 5 down into my brokerage account for some SLV? i'm one of the guys that think the economy will eventually turn around, so once i sell my SLV, i will behappy to start reinvesting in mutual funds, stocks, etc

[panther]

so apmex updates their prices live.. $100 FV is $3,059. it would be $3,030 at my dealer in morning. should I go ahead and lock in prices and order right now ? i assume u can place web orders during non business hours...?

[byro007]

wow is all i gotta say on this

[blackrabbit]

WOW! and wow some more! I am getting a little motion sickeness on this ride!

[PennyPauper]

This is interesting.No way it can stay this low for long.Silver is known for being volatile.Think long term and this won't matter.
I'd lock in on the dip. I'd hate to be a coin dealer who bought alot this weekend and is working on a small margin.
These types of moves can ruin people if there not careful. This is why you can't bet the farm on silver,unless you don't need the cash right away.
Fasten your seat belts folks,it going to get bumpy.

[PennyPauper]

I almost placed a order for halves with provident metals last night.Good thing I didn't pull the trigger.

[Rodebaugh]

TIMBERRRRRRRRRRRRRRRRRRRRRRR!!!!!!!!!!!

[shinnosuke]

This may be a big drop, but for those who still have jobs that provide enough to pay the bills (i.e., those who don't need to sell silver to put food on the table), this is a blessing.

[justj2k78]

Buy baby buy!

[Tantalar]

HOW LOW WILL IT GO!?

[panther]

its already back up $2. i almost want to lock in @ apmex for 2 100 oz bars or 2 100$ FV bags, and not risk NY taking us back to $46-47 tomorrow..

[mtalbot_ca]

The following post, is quite interesting:

The Empire Strikes Back Against the Silver Price Rebellion : http://seekingalpha.com/article/266844- ... -rebellion

Again, it seems that silver (on paper) is being played with. But, as the author will demonstrate, I believe that physical silver is the way to go.

Time to buy....

Cheers,

[999Ni]

wish i had a lot of $$$ right now to BUY

[justj2k78]

Breaking News: It turns out Chuck Norris glared at a 10 kilo bar of silver today, causing the silver price to drop to $42.20/oz. At this point he blinked, and left the room. Expect things to revert to normal shortly.

[NickelExpress]

Humm...who to order from i think its time to back the truck up..the only question is what to buy and who will let you lock in after hours....5 bucks over spot for a a maple is a bit much

[Mossy]

Wow.

Well, I'm keeping my end of the deal.

Let's see what Monday brings.

[DeanStockwell]

Great thing about paper is that you don't have huge premiums from dealers. You can actually profit off dips. If you are wanting to buy physical on this drop, I'd advise you to go with SLV, instead. This sure is an interesting drop, and could be a flash crash like Country mentioned.

I think the one thing we can agree is that Asians are very dramatic and have a hard time making up their minds in the silver market...
Specifically on Sunday.