The stock market is at 11,000 for the past month or so but Silver corrected 25%. Why?
Margins were only raised once in the past week, isnt a 25% dip a bit severe of a reaction for a single margin hike?
Which institution(s) were selling this past week? WHY? The story on the ground is completely different than the kitco boards. Local coin shops are very low on invetory. Buyers lining up.
Does anyone else feel like we are missing a really big story here?
I have a few ideas that I've been tossing around. Why is someone selling enough contracts to drop the price 25% in one week? This is just a brainstorm, some loose ideas.
-Possible physical shortage at comex. Some group could be selling paper in order to redeem it for physical at a lower price (going long)
-Possible imminent threat of a bank failure either in the USA or in Europe. Could be a dying bank selling everything they have to stay afloat
Something about this correction makes me think there's more than just profit taking going on here. The timing of it was/is off by a little bit. Is it a headfake/shakeout?