Talk About A Drop

With the Euro Zone Bank propping up the banks with Billions, PM's might fall a little farther :fingerscrossed:.

I just wish silver drops to $27.00...... I think I would be selling off my possesions to get as much as
I could.

Is this the time to buy? I mean the tides kinda low considering such a huge drop, or will it drop again over the next few days.

It seems to me that with gas hitting $4 per gallon, this weak "recovery" of ours will surely be choked off, especially if gas remains it this level for long. The last time the Dow began to tank, and some say gas prices played a role in it (along with housing foreclosures of course), silver went from $21 to under $10 and remained in the teens for the next two years while the Dow went from approximately 6000 to 9000 or so.

I can't predict whether or not the market will crash anytime soon, but gas prices effect everything, it seems. Wish I knew the answer. I did just about everything in my power to buy silver from late '08 through '10. When silver spiked above $20, I dropped out, for the most part. I'd love one more chance in this lifetime to get cheap AG before that long predicted ascension into the rarefied stratosphere of $100-500+ silver finally begins and all of us silverbugs become millionaires. :)

Like I said in another post be cautious when it comes to buying at his time. Greece could fall of the face of the earth but it is too small to have a hard or long lasting impact on PM's.

While I certainly would not say I knew of or even predicted a fall it was at best expected. IMHO the PM market is a little volatile right now.

I still caution be cautious though gold appears to be the best buy when it hit in the high 1600's today.

Silver is harder to speculate as it really can go either way. I know this sounds like a safe cop out but really it is just to goofy to know where it will be in a month.

Looks like things are rebounding tonight. I think it was mostly a combination of end of the month profit-taking and programmed trading. These ups and downs are going to get more frequent and probably more extreme. If there is manipulation(which I personally believe there is)it is getting harder to control and hence larger moves up and down. If you have a weak stomach,you may want to get out now. Otherwise,hang on for a wild ride.

P.S.:I am surprised we haven't heard from Joe!

Great for me, I almost bought an old lady's husband's collection of CAD silver dollars going into the deal with the morning price of $37. $35 is fine for now, lots of unloading going on in the world. I have my own sell price but I don't want to influence the lot of you. March, however, is always a weird ride. I just hope gold doesn't take off until May.