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  1. #1
    us
    Nov 2009
    Upstate NY
    My eyes
    452
    4 times
    All Types Of Treasure Hunting

    Silver plunge today...do NOT panic....it is just the effect from

    Wall Street investment companies having bought in the last half of December, so they can show there clients that they owned silver as of 12/31......"we didn't miss the silver train..."....yeah....whatever. Now that it's a new year, they are selling. Additionally, people may have waited til 2011 to sell to avoid paying the taxes on the gains in the 2010 tax year. I look at this as a buying opportunity....
    2012
    War Nickels - 4
    Merc's - 2
    Roosies - 10
    Washingtons - 0
    Franklins - 0
    90% Kens - 23
    40% Kens - 113

  2. #2
    Charter Member
    us
    Sep 2010
    149

    Re: Silver plunge today...do NOT panic....it is just the effect from

    I Agree. They sold stock to take loss in November and December put it into PM's and now are buying back stocks. Tax related smoke and mirrors.

    JD

  3. #3
    us
    Nov 2010
    NEW SWEDEN (SJ)
    Minelab E-Trac, Garrett AT Pro, Pro Pointer
    789
    14 times
    Metal Detecting

    Re: Silver plunge today...do NOT panic....it is just the effect from

    Thinking of jumping into ticker "SIL" today. Looks like a buying opportunity to me.

  4. #4
    us
    Jun 2010
    Northern California
    Minelab Explorer SE Pro
    358
    3 times
    Metal Detecting
    Honorable Mentions (1)

    Re: Silver plunge today...do NOT panic....it is just the effect from

    I really like silver as an investment, but this may be more than a one-day event. Keep your eye on the US Dollar. If you are making an initial investment in silver, you can buy some today, but I wouldn't go all in. I'd leave some money on the table to dollar cost average in case it goes lower.

  5. #5
    us
    Nov 2010
    NEW SWEDEN (SJ)
    Minelab E-Trac, Garrett AT Pro, Pro Pointer
    789
    14 times
    Metal Detecting

    Re: Silver plunge today...do NOT panic....it is just the effect from

    Limped-in to "SIL" today and considering getting in to "SVM" as well.

  6. #6
    Charter Member
    us
    da book worm--researcher

    Feb 2007
    callahan,fl
    delta 4000 / ace 250 - used BH and many others too
    13,090
    18 times
    Honorable Mentions (1)

    Re: Silver plunge today...do NOT panic....it is just the effect from

    the big money -- "mover and shakers" guys cause a dip now and then to shake out the "nervious nellies" and feast upon them as they "panic sell" at a low price ---classic " big fish" guys moving the market to prey on the little fish .-- sadly its quite common --watch for the rebound .

  7. #7
    us
    Nov 2010
    NEW SWEDEN (SJ)
    Minelab E-Trac, Garrett AT Pro, Pro Pointer
    789
    14 times
    Metal Detecting

    Re: Silver plunge today...do NOT panic....it is just the effect from

    If it dips any lower I will buy more soon and avg down.

  8. #8
    us
    Jun 2010
    Northern California
    Minelab Explorer SE Pro
    358
    3 times
    Metal Detecting
    Honorable Mentions (1)

    Re: Silver plunge today...do NOT panic....it is just the effect from

    There is big volatility in all of the precious metals today, due in part to today's underwhelming jobs report and the Fed's comments.
    If you want to understand silver and gold daily price movements, check out the following blog. This guy tracks the trading of silver and gold at the COMEX and he also tracks the physical inventories of the metals there. This guy is not a paranoid delusional conspiracy theorist; he understands these markets quite well.
    http://harveyorgan.blogspot.com/
    He updates every night.

 

 

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