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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

Interesting Article About Market Dive Why Are Pm's Following

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Silverhawk74
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 Posted 08/04/2011  2:51 pm Show Profile   Bookmark this topic Add Silverhawk74 to your friends list Get a Link to this Message Number of Subscribers
My huge question of the day, if this article below is true, how come gold dropped back to 1650 and silver has taken a nose dive?


http://finance.yahoo.com/news/Stock...799.html?x=0
Edited by Silverhawk74
08/04/2011 2:53 pm
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nlp coins
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 Posted 08/04/2011  4:47 pm  Show Profile   Bookmark this reply Add nlp coins to your friends list Get a Link to this Reply
Mid to large size traders unloaded PM to cover margin requirements. As soon as the London market closed silver fell off the cliff. With the sell off in PM the banks holding shorts probably added to their positions to drive the price down some more. That's my opinion and I'm sticking to it. nlp
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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum



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