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 Replies: 44 / Views: 4,379 |
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Valued Member
United States
325 Posts |
Wow silver just shot up yikes!  |
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Pillar of the Community
United Kingdom
548 Posts |
So did everything...what's happened that we don't know about?
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Pillar of the Community
United States
830 Posts |
Maybe a whale just swam by?  Good volume too. |
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Valued Member
 United States
325 Posts |
could be temporary I dunno. But will go up more in years to come.
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Bedrock of the Community
13014 Posts |
My best guess is its a reaction to the heavy drop that happened yesterday. The gains are starting to fade out some for today and we saw some of these rebounds when it was dropping fast a couple weeks ago.
Even though it is gaining the gain is still less than it lost yesterday which doesn't say to me anything special is going on other that a reaction to the steep drop.
Go thunder may be right too someone with a lot of money may have taken advantage of the drop buying for a quick flip when it rebounded
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Pillar of the Community
United Kingdom
616 Posts |
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Pillar of the Community
Canada
3167 Posts |
Same with gold. Interesting...
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Pillar of the Community
United States
1200 Posts |
My personal theory is that it's tied in with the number of internet forum threads about the ups+downs of spot prices or investment insights/advice/predictions
of some kind or other. Right now, 7 of the 10 top-of-the-list threads in this forum fit that description. I think we're responsible for it. We should toss in half a
dozen more threads in this overall subject area. We might be able to drive silver back up to $30 and gold back up to $1600.
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Pillar of the Community
Canada
2019 Posts |
Ya it shot up but it has a ways to go before I would be convinced its on the rebound, give it a day or two without dropping and maybe I will buy some more ounces of gold.  Edited by Northerncoins
05/20/2013 3:20 pm
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Bedrock of the Community
13014 Posts |
Quote:
I think it was a reaction to the Moody's report that if there isn't a fix to entitlements they might downgrade the U.S. That could be part of it, the other agency already did the downgrade in 2011 though so I'm not sure how much of a big deal that really would be other than a short term reaction |
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Valued Member
Canada
470 Posts |
Quote:
Wow silver just shot up it's called frontrunning/trainspotting. |
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Pillar of the Community
United States
2168 Posts |
I guess the PMs are just a roller coaster anymore!
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Pillar of the Community
United States
830 Posts |
Looks like a key reversal day to me  |
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Pillar of the Community
United States
1088 Posts |
Nice to see the prices going up a little anyways
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Pillar of the Community
Australia
7096 Posts |
The lower silver price had little or No effect on the numismatic coin prices ( I was kind of hoping it would but it didn't)But the collectable silver proofs have only just started to be affected by this downturn. I took advantage of this and have bought quite a few of the coins I have been after for a while at quite reasonable prices. If the price keeps on going up that will be the end of that  |
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Pillar of the Community
United States
2661 Posts |
It may just be an indication of some big money doing a little bargain hunting in the paper markets.
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Replies: 44 / Views: 4,379 |
Posted 05/20/2013 12:22 pm
