This just happened around 7.30 EST. Silver printed over a dollar lower, gold was lower as well but not as significantly. It remains to be seen if this is real or a glitch. I will update as more info comes in and if this market low is validated. At this time, it appears to be real. A running of the stops which often precedes a move higher. The metal markets to me look like they are trying to find a bottom soon, and I am hoping this may be it.
http://www.kitcosilver.com/
Motowngold!
funny...you never see a "fat finger going up" on silver.... these jokers will all be wearing orange jumpsuits soon
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You are right, and jumpsuits would be almost too nice for them. ON the big up move, not for a long time, but I believe it is coming soon.
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it's coming....they are pounding it so when it does rise again soon it stays below some key numbers....but it wont
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Their pounding did not last long tonight. I wonder how many stops actually got ran during what is kind of an off time in the market?
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The difference between the comes and the physical gold/silver exchanges in Asia are trading much higher --- this should get interesting.
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I am waiting for the rumored billions said to be coming very soon to show up, that should tighten up the spread nicely!
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Screwed me completely.
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What do you mean, did you have stop losses set that triggered?
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I really want gold to move below $1200 so I can buy. After that, it can go up all it wants.
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Are you buying futures or actual metal? For me, I am ready for up right now!
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I prefer the actual metal. Something about having it in my possession appeals to me.
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Me as well, so much better than paper metal.
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