Spot Gold (-5%) Silver (-15%) Platinum(-4%) CRASHING NOW!!!

i heard them say silver could go down to around 25.00 a ounce

Who is 'them'?

been waiting for this, i just got some cash flow as well, what do u guys think is a good buying point to stock up on silver? gold? its gotta go back up soon , the days of fiat are numbered

Anytime the markets have a HUGE sell off like yesterday leverage players have to DUMP "ALL" of their different asset class holdings in order to meet their Margin Calls, including precious metals, oil, etc.

The MORE SPECULATORS that are in a given asset class the more that entire asset class gets hit by the panic selling that is driven by Margin Calls.

At the present time there have been a LOT of Speculators populating the universe of Precious Metals and Oil ... so VOILA, when a general sell off hits those speculators HAVE TO SELL assets that are in those asset classes also.

At the end of this sell of in Silver in particular, the "weak hands" (leveraged players vs cash buyers) will have been reduced considerably in the silver market since they were FORCED TO SELL in order to meet their Margin Calls.

When will the current wave of selling in Gold and Silver end?

Silver Options expire for Sept at the close of business on the 27th, and Futures close/expire on the 28th (forget if it's the open or close). I have often seen forced selling continue right up until options/futures contract close as the speculators get "wrung out" of their positions (and sometimes on a really bad sell off if the price moved beyond the Hedgers' "Collars" the selling can continue right up until "Settlement" since they ended up inadvertently being in an unhedged position).

Any "bounce" before the expiration of options/futures, since it is just around the corner, is a high risk trade because of how far silver has sold off in such a short period of time (many "hedgers" are probably now "unhedgted" so the price can still move violently as they try to either rehedge or cover their losses)

Mid next week is probably the earliest one would want to wander back into the silver arena if one is still "bullish" on silver.

Old Trader

thanks, im just thinking the way the economy has been these past few years, that it would still be a good investment to buy, if it dips down to the mid 20s or hopefully lower , its going to definitely come back up again, i dont have the money to make anything significant gold wise but if silver bounces down low enough id like to snatch up a 100 oz or so physical silver and sit on it til the next up swing. thoughts?

u cant ea...

yes yes i know u cant eat silver, but if the shtf it would be a viable bartering tool.

LOL... I bought at 9$ and will keep holding until it's well over three figures (my bet is early next year). You obviously do not understand this market at all... and have no historical perspective whatsoever (a look at 2008 might help). You're the epitome of a weak hand. Do yourself a favor, GTFO of this market before you lose your nerves for good. Time to buy AAPL for you now, retard !

1794229 ,,, how far do u think its set to drop this time? id like to hold off til the very last minute before jumping into any investment

TPTB are getting some more small investors out of the Game!

I'm shocked. Truely shocked.

Not really. It's just a hunk a metal. Bullets, food and clothing are all that will matter. No one will give a fuck about gold or silver.

A bit of a buy back now. It will probably come up a % before close.

My bet is 28 or even down to 25. I'm waiting for it to bottom (early next week I guess) before buying more with my dry power. We're already far below what production costs and industrial demand would command. This price level for silver is unsustainable imho. Will also get a little more gold, good prices on Krugerrands at select EU shops right now.

Coffee, booze and chocolate as more barterable.

Edit: "as" to are

Gold @ 1650 bouncing back.

ill keep a close eye on it see how it goes into next week, hope it drops to at least 25 , 20 or below sounds even better! lol

You forgot WEED!

it could go down more ,but the dealers wont take to big of loses ,they will just raise the spot price on it.

The silver rebound next week will snap your neck.....buy now!!!!!!

been saying that this is a bubble for a while,,,go back and check...not saying it wont ever go high but if these levels go say 3000 for gold and into the hundreds for silver were fucked anyway....it just does not make sence to wish for that.

Bouncing back??? More like correcting on the way down..the people that got in late are the only ones holding the bag,,the rest are selling into this and will prob get worse.... a lot of people got in at 2000 and once for coins they got took...and now with an almost 25 % shift I dont think any new buyers will get in- are you crazy?

Ignorant F*cktards such as you said exactly the same thing when gold was @ 400 Dollars and people started predicting it would go to 1000.

It's hilarious seeing the same pieces of dung coming out of the woodwork everytime there is a correction - beit a severe one such as today - in PMs and shouting the same crap for almost a decade. Silver went up 900% during the last decade, and it's still up 43% YoY. It has been the single best performing asset period. Gold has been up almost 700%. And imho we're only entering the second phase of this explosive bull, with this global failure of monetary policies as a background. Where have you been for the last decade, moron ?

You have no idea what you're talking about. Do yourself a favor and STFU. The same goes for your second idiotic post.

This means more silver for ME!!!!

Same here... I'm trying not to freak out that I could possibly loose half my investment. What's keeping me from freaking out is knowing that it will go back up very soon. I just wanna know what the hell is going on right now and why the dollar is going back up.

I should have sold at 43 last week... FML

This was the funniest shit I have ever heard.

Hope you didn't lose too much dude.

short!