iShares Silver Trust Message Board
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Please help: What's behind crash tonight?
I know about CME margin increase , broke key resistance level and Operation twist.
What else caused the 9% crash tonight?
Thanks
Please help !-
THE FED
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The basement silver trader needs help carrying it up the stairs....?
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panic much?
this is his idea:
http://www.tfmetalsreport.com/blog/2506/whats-really-going
so take a look it is interesting. hmm. dodd frank bill takes affect on oct 4?
anyway gg.- 1 Reply to ryugo82
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thankyou good find
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Silver went up too high in relation to other commodities. Other commodities (especially oil and copper) have been crashing to summer 2010 prices because demand is crashing to summer 2010 levels because consumers are out of cash in this jobless economy. Oil was in the high $70's in summer 2010 and that's where it is tonight.
Silver and gold are returning to summer 2010 prices. Silver was $18 in summer 2010, and gold was $1200. That's where we are heading.
http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=oil&uf=0&type=64&size=4&sid=2395435&style=320&freq=1&startdate=2/10/2009&enddate=11/15/2011&rand=1130896419&compidx=aaaaa%3a0&comp=gld+slv&ma=0&maval=400&lf=1&lf2=0&lf3=0&height=635&width=1045&mocktick=1
If oil falls even further, the silver could fall as low as $12.
Silver was at $8.xx just 2+ years ago, so $12.00 isn't as low as you think.- 3 Replies to extreme4reality
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Bet many silver holders never saw it coming!
Started last Thursday 9/22 and Friday 9/23; part of the reason is the margin requirement increase, just like 4/29/11 causing the 5/2-5/5 <30%+> silver collapse. Hedge funds had to sell creating more silver selling? Oil collapse just part of the reason.
This time it could be worse - why? More people got sucked into buying silver; just 3 weeks ago on 9/2 SLV was at 42; sell at all cost makes silver more oversold; just like overbought.
SLV to teens? Let's see if it holds at 25-26 as many SLV experts predicted. Any clue how they arrive at that (chart analysis)?
GLTA -
Why 40% in 3 days? why so fast?
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you're right on Extreme, I've been saying 18 all along. Congrats!
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Just relax. Hold and dont sell. They want weak hands
To sell. This will go back up soon- 1 Reply to mahajian
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momentum my friend. This is going down. down to mid teens and in single digit soon after. get out now before others get out and you are left holding the bag
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This is a momentum play. The momentum is downward. This goes to mid teens in the next week for that reason. Simple. Period. Do not fight the tide or it will blow you away
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Some one has gone insane!
The purpose of selling is not to sell to raise cash. But rather to fiercely knock down silver price at all cost.
The shorties have gone insane. It won't last long. The bounce back will be even more fierce.- 1 Reply to cadmium_telluride
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only 2 more dollars for us to hit our first support of 26, then we go down to 18. At 18 you can start to nibble a bit.
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