Silver CRASHING in early asian trading

[swissaustrian]

Silver in freefall right now in asia...

 

[cubical]

haha wow! Good, I will buy more!!

 

[Jay Tea]

Sweet Lincoln's mullet, that's a flash crash right there. I wonder what prompted it.

 

[Dr.3D]

Appears to be the NY Gobex , the Sydney and Hong Kong markets haven't opened yet.

 

[Michael P]

Yeah the dollar is getting stronger. Perhaps it is because of all the Japanese money printing?

http://www.marketwatch.com/investing/index/DXY

 

[cubical]

I think it was an error. its not moving anymore. At least on Oanda, they have stopped trading.

EDIT nevermind, the kitco chart is moving.

 

[Dr.3D]

I think it was an error. its not moving anymore. At least on Oanda, they have stopped trading.

EDIT nevermind, the kitco chart is moving.

And here is another showing pretty much the same thing.

 

[MRoCkEd]

What's going on?

 

[cubical]

Gold is holding above 1560. Gold opened at shot up to almost 1580. Strange to say the least.

 

[Kregisen]

What's going on?

All bubbles pop eventually...

 

[Michael P]

lol its down 11% already. Who is dumping and what markets are even open?

 

[Original_Intent]

Everyone that was waiting to buy the dips - that's a pretty healthy dip!

Hmm wasn't someone recently "predicting" a 66% collapse of silver?

 

[ninepointfive]

ouch.... well i jnew this could happen

 

[swissaustrian]

These prices are real. My stops on some derivatives were executed...

 

[kah13176]

The dollar is "growing" because the basket of commodities that contribute to the dollar index are falling faster relative to the dollar.

 

[WilliamC]

Great! I'll be looking to buy if it breaks $40/oz.

 

[Michael P]

healthy bull market correction?

 

[Dr.3D]

healthy bull market correction?

I would guess a single party just dumped either some paper or physical silver. Most likely paper.

 

[cubical]

This is exactly why I wanted to buy gold recently. Silver is now looking more attractive.

 

[Jay Tea]

Great! I'll be looking to buy if it breaks $40/oz.

What's the easiest and quickest way to buy on a Sunday?