Silver CRASHING in early asian trading

No takers, yet? This is a Silver CRASH! Okay... okay... tell you what I'll do. Sell while you can. I have $47 for each good quality Silver Eagle anyone wants to sell up to 100 oz. PM me, ASAP. Sell before the crash reaches -66%.
 
Travlyr said:
No takers, yet? This is a Silver CRASH! Okay... okay... tell you what I'll do. Sell while you can. I have $47 for each good quality Silver Eagle anyone wants to sell up to 100 oz. PM me, ASAP. Sell before the crash reaches -66%.
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In all honesty we do need a buy/sell/trade board here. Doesn't just have to be gold/silver it can be food, seeds anything.
 
cubical said:
In all honesty we do need a buy/sell/trade board here. Doesn't just have to be gold/silver it can be food, seeds anything.
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And with something like that, we would be able to bypass the middle man and trade our stuff at a discount.
 
It is now confirmed that Osama Bin Laden was killed in an air strike last week, and the US has the body. Expect the media to be drowned with stories of imminent terrorist "retaliation" which will push a flight to USD "safety" and purportedly drop commodities.
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-ZH

Maybe word got out early....
 
Again... sadly for me... this is Proof Positive RPF's people are the smartest. Nobody... nobody at all took me up on my offer to buy pure silver at $47/oz in this horrific silver crash. Please let me know if you would like to unload your worthless junk in the future.
 
I knew that silver would drop once I bought a bit at $46-48 an ounce. Always happens, bought at like $20-22 in 2008. It dropped to $9-10.
 
Sell your gold, sell your silver, Osama's dead all our problems have disappeared!
 
Pretty much, cubical. That's the way of it, so it seems.

'Faith in the markets just skyrocketed upon hearing of OBL's death. There were no other factors at play which determined market confidence for the past 100 years. You can all go back to sleep now.'
 
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Travlyr said:
How can money be in a bubble? I can understand the dot.com bubble... and the housing bubble... but silver or gold in a bubble? Please elaborate. Thanks.
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How can any goods be in a bubble? How can the housing market be in a bubble?

With the bad economy the popular move was to invest in Silver and Gold, and it skyrocketed at an unnatural rate...now I see it's back down to $35.
 
Gold and silver are taking a dive because of Bernanke's press conference. He said interest rates are going to go up. He was warning us what's coming. If bonds can pay 8-12%, many speculators will dump their PMs.
 
zerosdontcount said:
Most people interpreted the press conference as the easy money policies will continue...
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He contradicted himself many times in that press conference. I'm surprised nobody in that press room called him on it. But from what I am reading, speculators are counting on higher interest rates to prevent speculators from fleeing the dollar. The dollar is on its last leg, and history has shown that before a currency collapses a government raises its interest rates to prop up its paper. You can have Q5, but if its with monopoly money, what difference does it make? This may prove to be a very good buying opportunity for PMs and mining stocks before the shtf.
 
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