What the hell is happening to gold and silver?

[swissaustrian]

Gold and Silver prices were up in India today

http://www.marketonmobile.com/gold_price_india.php
http://www.marketonmobile.com/silver_price_india.php

early forex quotes show EUR gaining 0.4% against USD:
http://www.netdania.com/Products/li...-exchange/real-time-quotes/QuoteList.aspx?m=q

We´ll probably be green at the opening in 1:15 hours.
But that doesn´t really count. What counts is Hong Kong close (5:30 am ET) an COMEX opening (8 am ET). Then we´ll have a trend for monday.

 

[cbc58]

Exactly! Paper metals is so disconnected from physical, what the 'paper' charts say is irrelevant.

but (most) everybody sells physical based on paper charts/pricing... who wants to spend more FRN's on pm's if they don't have to?

 

[swissaustrian]

Silver getting hit hard right at the open. Somebody uses the light volume on purpose to bang it down

 

[ronpaulfollower999]

Jeez. Almost bought Friday afternoon but decided against it. I'm gonna buy the dip but I'll wait for the price to stabilize. No point in catching a falling knife…

 

[swissaustrian]

I have bought protective puts on my holdings thursday noon. Makes me sleep a lot better

 

[swissaustrian]

Massive volatility for silver. Low was 28.99 Now we´re up over 30 once again.

 

[justatrey]

Not a bad opening so far...

 

[swissaustrian]

Not a bad opening so far...

The first few minutes were insane. Silver was down 6% at 28.99

 

[WilliamC]

Just waiting 'till tomorrow to see if it drops below $30 for any length of time.

If so I'll just have to buy myself a few Eagles, assuming my local coin store isn't already sold out when I get there.

 

[qh4dotcom]

Just waiting 'till tomorrow to see if it drops below $30 for any length of time.

If so I'll just have to buy myself a few Eagles, assuming my local coin store isn't already sold out when I get there.

It's at $28.17 now

 

[kill the banks]

bought some ... Hmmm so should go lower

 

[AuH20]

CRIMEX raised margins again. This is so hilarious. They are scared to death.

 

[pmbug]

Shanghai Exchange also hammered margin requirements overnight.

 

[ronpaulfollower999]

Went ahead and made a very small purchase (all I can afford at the moment). With prices this low, physical silver is getting harder and harder to come by.

 

[Brown Sapper]

This shit better hold till tomorrow. I get paid and need to get in on this fire sale.

 

[Seraphim]

I really wish I could buy some...

about 3 weeks until I can even consider getting some...

This shit better hold till tomorrow. I get paid and need to get in on this fire sale.

 

[Cowlesy]

tails it is....

Glad you changed your mind on this at the last second, because it's not pretty today.

 

[JasonC]

Glad you changed your mind on this at the last second, because it's not pretty today.

Yeah... coin said to hold, but my gut said to sell. Sold AGQ right before the market closed at about a 45% loss (down $900). Now I just need my funds to settle, so I can make my money back. Oh, and I need the S&P to drop. I'd love to buy back into some of my favorite mining companies once this dust settles.

 

[roho76]

Yeah... coin said to hold, but my gut said to sell. Sold AGQ right before the market closed at about a 45% loss (down $900). Now I just need my funds to settle, so I can make my money back. Oh, and I need the S&P to drop. I'd love to buy back into some of my favorite mining companies once this dust settles.

I have about 2G's I am looking at putting into mining once the dust settles as well and AGQ was one although on the high side. I would like to see it come under $100 again. What kind of price are you guys waiting for to reenter on this one?

 

[roho76]

Any other mining stocks anybody see as a bargain right now?

I'm looking at:

TGB
SVM
IVN
AGQ
NEM

Any advice would be much appreciated. I'm also going to dump a good amount into physical, also.