according to the 5 year chart 5.72 is the major support level. 6 i would think would also be strong support.which is just another 5 percent down. silver spot broke 30.00 today a key psychological and technical level, as well as breaking through the lows made last december. Lots of news today that crushed gold and silver, the george soros news, bernanke comments. silver is actually outperforming gold if you consider gold at 1605 silver could be testing 29 right now if you look at a previous gold to silver ratio. exk is in the same boat as all the other miners both gold and silver miners are tanking today. george soros cut his holding of gld and gdx.
GLD and GDX are hollow paper holdings and Soros is a pure manipulator. I'm sure he went short gold and silver before he leaked the news he was selling his paper holdings, as he knew such news would tank both.
Gotta love the super-rich....NOT!
Buy pysical on the down side and sleep well at night.
US has maximum 5-10 years before its currency is worthless.
who knows when we bottom we know that open interest on both gold and silver are continually high which i know must frustrate the bankers like jpm. central banks are buying physical gold. i bought 1000 shares today of exk at 6.28, feel like catching this knife? leave dry powder for if it goes lower.