Silver Down 4.00...look Out Below

I thought that only the bars cut people off when they have had too much!

I wouldn't mind if silver went back to last June's price which was right around $18-$20/oz. Silver coins were available and plentiful then. Don't really expect to see $10/oz. again, but who knows. Shed another $2 this morning, so this definitely a slide, and not just a correction or breather as most people were expecting. 25% loss from the peak of less than a week ago will scare more than a few investors with jittery hands.

I see $31 by close tomorrow
CME is really killing the price of silver
for some this is a good time to buy to bring your cost average down f you were vying in the 40$ + range

fenton - getting in calls/options is nice - too bad I don't have L2 access yet.

I also see low 30's and my chance to stock up / cost average down.

agggrrr I wish I didnt hold most of my silver now but again if it cointiues to fall I will ad more silver and thats not a bad thing at all. I dont like how it fell 13 dollars in less then a week, you dont loose anything until you sell

Next test at 200 day moving average of + $29. I would expect the 200 should hold, but don't underestimate the ability of those that can manipulate the market.

The fed is more beholden to JPM Chase than they are the taxpayers.

I have been around a long time. Been there, done that. I have seen other markets than silver dive way down below the moving average then to recover to some sort of stability near the moving average.

I think, perhaps, it has to do with market sentiment, otherwise known as mob mentality, and hasn't much to do with the rational market price.

When the professional speculators move out of a specific market, taking their profits with them, they sit on the sidelines, looking for the next opportunity.

Real estate came and went, shares came and went, now precious metals, in particular, silver. The stock market is where these animals usually hang out, because there is more readily accessible capital tied up in this area, and they can be less noticed.

It is a good way to distort capital markets, and therefore an economy, and is part of the reason why the U.S. economy is in trouble. A nasty little human foible called greed is a strong causative factor.

That is one of the reasons why it is rational to diversify your investments.

Indeed so... along with his brother, Fear. Between the two of them they can distort any market beyond recognition.