1. 05-05-11 10:40 AM #1
    pronk
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    Silver and Gold crashing HARD

    5 straight days prices been dropping rapidly without any warning
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  2. 05-05-11 10:49 AM #2
    jarvol
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    No warning??? Nothing goes parabolic for very long. When Silver gapped up $5 last week you knew the near term top was near.
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  3. 05-05-11 10:51 AM #3
    Blax0r
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    I wonder where the money's going; has some other commodity or security shown 5 days of rapid price increase?
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  4. 05-05-11 11:04 AM #4
    pronk
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    Quote Originally Posted by Blax0r View Post
    I wonder where the money's going; has some other commodity or security shown 5 days of rapid price increase?
    $ is getting stronger against all currencies
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  5. 05-05-11 11:25 AM #5
    Dutch
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    Silver is going to bounce back quicker than gold. I might have to drop a few hundred on some silver.
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  6. 05-05-11 11:28 AM #6
    Roy Halladay
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    Just a temporary thing for silver
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  7. 05-05-11 11:38 AM #7
    pronk
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    25% in 5 days? I could hardly call it temporary. Federal Reserve got what they wanted and now its over. When Mexican Government purchased 25 tons of gold few days ago, I knew it was over
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  8. 05-05-11 01:25 PM #8
    jarvol
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    Quote Originally Posted by Blax0r View Post
    I wonder where the money's going; has some other commodity or security shown 5 days of rapid price increase?
    All commodites are down. Oil down 7-8% today. Dollar, treasuries and semiconductors all up today.
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  9. 05-05-11 01:50 PM #9
    wquine
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    still have to pay way above spot. freaken sucks being the little guy.
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  10. 05-05-11 02:12 PM #10
    orioles
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    Guess my Mom's silverware is safe.
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  11. 05-05-11 02:41 PM #11
    Lion4Life
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    Down to $34.92 an ounce now. Anybody think it will drop back below $30?
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  12. 05-05-11 03:19 PM #12
    macoeric
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    Quote Originally Posted by Lion4Life View Post
    Down to $34.92 an ounce now. Anybody think it will drop back below $30?
    No chance in hell
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  13. 05-05-11 06:48 PM #13
    pronk
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    Quote Originally Posted by macoeric View Post
    No chance in hell
    You wanna bet? Silver will hit $10 mark in no time, just watch
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  14. 05-05-11 08:57 PM #14
    clonecat
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    Usually you get a little bounce, we'll see what tomorrow brings. Another down day could trigger more sells.
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  15. 05-05-11 09:39 PM #15
    drunkenbeaver
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    Nothing can sustain an RSI of 80+ for so long.
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  16. 05-05-11 10:06 PM #16
    757sFinest
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    Quote Originally Posted by pronk View Post
    You wanna bet? Silver will hit $10 mark in no time, just watch

    What's the time frame? How much you want to bet?
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  17. 05-05-11 10:17 PM #17
    MTek
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    its just a market correction, with the continued unrest in the world, oil and gold are still the 2 go to commodities....they'll both comeback
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  18. 05-05-11 10:25 PM #18
    pronk
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    Quote Originally Posted by 757sFinest View Post
    What's the time frame? How much you want to bet?
    In 30 days silver will drop below $25
    100 pts straight bet EV
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  19. 05-05-11 10:32 PM #19
    will2survive
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    by low sell hi----that's what it's all about
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  20. 05-05-11 10:44 PM #20
    pronk
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    Quote Originally Posted by MTek View Post
    its just a market correction, with the continued unrest in the world, oil and gold are still the 2 go to commodities....they'll both comeback
    As DrunkenBeaver pointed out, the precious metals market was over saturated with buy trades (overbought) and RSI signalled SELL, SELL, SELL! Only idiots are buying now (sorry Mexicans if I offended your Government)
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  21. 05-05-11 10:53 PM #21
    spankie
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    precious metals will be fine, it shoots up to 50 and now ur bitching that it's at mid 30? eh. not much to complain about at the moment.

    threads lke this make me wonder what the average education level of SBR is. i would be willing to bet money that there are more brainless HS dropout non-ged having morons here than there are educated college graduates.

    NEXT.
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  22. 05-05-11 11:03 PM #22
    pronk
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    That's what we really need fellas- advice from Canadian neighbours
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  23. 05-05-11 11:18 PM #23
    36mafia
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    another day another dollar

    people will do whatever to get silver am i right
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  24. 05-05-11 11:22 PM #24
    Monitor-Tan
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    Hopefully this is a good signs of things to come
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  25. 05-05-11 11:29 PM #25
    thechaoz
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    Bout damn time the dolla picks up steam and gold comes down from it's epic highs
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  26. 05-05-11 11:29 PM #26
    excel
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    I would be a buyer again at 25 a oz.
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  27. 05-05-11 11:30 PM #27
    BigDaddy
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    might be time to sell
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  28. 05-05-11 11:34 PM #28
    Gonad
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    Long live the dollar! Bwahahaha...
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  29. 05-05-11 11:35 PM #29
    rem sleep
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    What caused this crash tho? Oil is under $100 a barrel out of nowhere. The people in charge just simultaneously cashed out and it seems suspicious to me...
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  30. 05-06-11 12:25 AM #30
    LVHerbie
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    Currently doesn't really look that significant if you look past the short term...

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  31. 05-06-11 12:30 AM #31
    danso
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    there's a prop in the SBR sportsbook about gold hitting $1400 or $1600 / ounce first.
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  32. 05-06-11 12:45 AM #32
    pico
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    margin call. they'll be back
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  33. 05-06-11 12:48 AM #33
    antan80
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    But look also $ how much dropped past month.
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  34. 05-06-11 02:35 AM #34
    Marigold HD
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    Come May. Everyone sells. Buy on dips over the next 7 weeks. You'll be fine.
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  35. 05-06-11 02:43 AM #35
    shaunovery
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    Very strange it's dropping it will raise again shortly
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