Silver opening down over $5?!? Are you seeing this?

[madfranks]

China markets just opened and silver is tanking fast!

http://silverprice.org/charts/silver_3d_b_o_USD.png

[1970 silver art]

Yep. No surprise to me that it is getting smacked down except at the pace that it is happening. The smackdown is going to be big and this is just the beginning. It looks like silver will break $40 on the downside much sooner than I expected.

[chad]

$5???????????????????????????????????????????????? ?

[Neuro]

-5.45 now! Breathtaking!

[SilverMagnet]

;D Sell it all to me. I would be happy to trade my valuable paper dollars for your worthless Silver.

[Silver Shield]

Let's see how this plays out overnight...

Or if it is going to be just like last week with the early morning raid and a full recovery 2 days later.

[keehah]

Silver now up two dollars! ($44.23) ;D

[Serpo]

With the dollar so weak its BS

[Veni, vidi...evigilavi!]

Yep. No surprise to me that it is getting smacked down except at the pace that it is happening. The smackdown is going to be big and this is just the beginning. It looks like silver will break $40 on the downside much sooner than I expected.


Holy GSUS!! I had not checked on Ag since Fri noon.
Well, at least you'll have a breath of fresh air for awhile. I believe you're right, it may easily break $40 on the downfall. I I don't believe it will fall under $33.50 at most. Once the big players can no longer control the dollar & market it should start climbing fast again though. I was about to sell some too, oh well, time to buy instead ;)

[Trinity]

Hong Kong is closed today. This is purely NY globex trading with a little shrimp on the barbie.

[Serpo]

Hong Kong is closed today. This is purely NY globex trading with a little shrimp on the barbie.


Some shrimp they just threw on ....its back to nearly 45$

[1970 silver art]

Yep. No surprise to me that it is getting smacked down except at the pace that it is happening. The smackdown is going to be big and this is just the beginning. It looks like silver will break $40 on the downside much sooner than I expected.


Holy GSUS!! I had not checked on Ag since Fri noon.
Well, at least you'll have a breath of fresh air for awhile. I believe you're right, it may easily break $40 on the downfall. I I don't believe it will fall under $33.50 at most. Once the big players can no longer control the dollar & market it should start climbing fast again though. I was about to sell some too, oh well, time to buy instead ;)


I did sell 19 oz's of .999. generic silver rounds yesterday (Saturday, April 30) and I plan to use the proceeds from that Saturday sell to bid on some rare silver art bars on ebay that are on my silver art bar wish list. I think that there is a possibility that silver will revisit the lows ($26?) that were reached eariler this year during the Summer.

[Trinity]

Some shrimp they just threw on ....its back to nearly 45$

Yes it looks like when Australia took the trade away from the NY globex prices have come back.

[gunDriller]

i think it's part of the Death Rattle of the US $.

at the same time as the 6% downtick in silver, which we also experienced (6% daily downticks, that is) back in 2008 and also in Jan. & Feb. 2010, the dollar rallied a few percent -

http://www.weblinks247.com/indexes/idx24_usd_en_2.gif

went from 72.95 to 73.15, on the USD index.

not exactly a $ we can be proud of.

so the market manipulators will keep jerking themselves around, like a male goat who covers his back and head with urine and other body fluids.

i'm not making that up - that's what male goats do ! i looked at some pygmy goats today. the does have much better manners.


i wonder if the little downtick in silver was the result of a big sale, someone needing to raise $, or just JPMorgan f'ing around again.

i wouldn't be surprised if it climbs back to $47 - $48 by tomorrow.

[Twisted Titan]

im a buyer either way..........

[Korbin Dallas]

BTTU!

[slvrbugjim]

would like to see a pull back of about $35 to $32 to go in more, this could be the chance, I think this will play out over about 30 days.

[Hypertiger]

Top lives off the yield from the bottom.

The top has the entire bottom to supply the top with the leverage.

The top owns the markets and invented short selling to extract profit.

money floods in and bids up silver and the top shorts...the price collapses and then they cover...money floods in and bids up silver and the top shorts.

Thanks Max...

[freespirit]

some were saying that $4-$5 dollar days would become the norm, and $2-$3 dollar days would be considered slow days...perhaps they are right...let's see where we are by the end of the week...this day to day shit is too stressful to watch...lol ;D

[Serpo]

Silver Down Almost 9% In Sunday Evening Trading

Monday, 2 May 2011 9:11
Silver is getting hammered lower right now as the U.S. Markets are closed on this Sunday evening. Silver has traded as low as $42.17 after closing just shy of its all time high of $50.00 last week. This has all of the classic looks of a bear raid by JP Morgan Chase who is the biggest silver manipulator in the market. I for one will be buying the Fu**ing dip on Monday morning if I am lucky enough to have these prices last that long.




I've been looking for a good pullback to add to my physical silver holdings as the big banks like JPM sell boatloads of unbacked paper silver into the market in order to manipulate prices lower.

Like Jim Sinclair said recently, by the time silver is at $75 and gold is at $2000, there will be no more margin requirements as the market will move to all cash.

BTFD and crash JP Morgan.

http://beforeitsnews.com/story/602/943/Silver_Down_Almost_9_In_Sunday_Evening_Trading.htm l

[MAGNES]

Top lives off the yield from the bottom.


Don't be a stranger, I wouldn't want people to think you are afraid
of the melon heads on here. ;D

I give you great credit for helping out the masons and waking me up too.
If you missed it.

[BrewTech]

Nothing to do with the Osama news?

Also... IS THAT HYPERTIGER??? HERE??

I'm honored. Seriously.

[Serpo]

Clive sees more to go in Silver according to the cot...........

http://www.clivemaund.com/article.php?art_id=67

[Kali]

I'm still selling. Having fun spending the profits.

Will buy back in when its under $20.

Same old game here.

[SilverMagnet]

I give you great credit for helping out the masons and waking me up too.


So you are a "Mason Fighter" yet you are giving HT great credit for helping out the masons and waking you up too? ::)

Do you even know what side of the fence you are standing on, or do you just like to use the word "Mason" in every post?

[Kruger]

I give you great credit for helping out the masons and waking me up too.


So you are a "Mason Fighter" yet you are giving HT great credit for helping out the masons and waking you up too? ::)

Do you even know what side of the fence you are standing on, or do you just like to use the word "Mason" in every post?



I think he means HT helped "out" the masons of GIM, not "helped them out". I could be wrong though.

[gunDriller]

some were saying that $4-$5 dollar days would become the norm, and $2-$3 dollar days would be considered slow days...perhaps they are right...let's see where we are by the end of the week...this day to day shit is too stressful to watch...lol ;D


i remember someone saying that, i think in an interview on King World News.

but i think in that particular interview, they were talking about $5 up days.

[PatColo]

from our little "cliff event" Sun night at ~48 down to ~42 in about 12 minutes, to the current ~46, we've clawed back about 2/3 of that drop.

Don't get me wrong, I think we consolidate here for at least a week & prolly longer, as the hot-money/momentum players were naturally all stopped out here, and will watch & wait for awhile.

[Horn]

money floods in and bids up silver and the top shorts...the price collapses and then they cover...money floods in and bids up silver and the top shorts.

Thanks Max...


There ya go, we should be up 5 by Friday.

When TpTb need some quick cash, they go to the Silver ATM.

[Son-of-Liberty]

I think they were hoping that the sharp price drop combined with the Osama death announcements would give investors incentive sell their PM's. Doesn't seem to be working so well though.

[Silver Rocket Bitches!]

Look at silver back up over $47 and climbing.

It's like holding a beach ball under the water for these manipulators.

[gunDriller]

Look at silver back up over $47 and climbing.

It's like holding a beach ball under the water for these manipulators.


wow ! they should kill OBL more often.

the price seems to have fallen off a tad.

[TheNocturnalEgyptian]

That's not a smackdown. That is a straight down line - that is one HUGE position taking HUGE profits. Someone sold enough to affect the global price.

[chad]

sprott sold 35 million of pslv across the last 2 weeks. he announced it on his 13-d today. there's your selloff.

and they raised cme margins AGAIN by 12%.