Silver just dropped below $30

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#1 Thu, May 3, 2012 - 1:16pm
Paladex
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Silver just dropped below $30

I set up a text alert on APMEX.com months ago, and it just triggered. Silver at 29.92. Looks like Turd's theory about setting up a massive short squeeze is looking very, very plausible. Let's see how many people try to catch a falling knife ...

Edited by: Paladex on Nov 8, 2014 - 5:08am
Tue, May 8, 2012 - 8:40pm
SE
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Right on cue!  Just wondered

Right on cue! Just wondered if it was going to be this week. Let's see how much further this goes...

Tue, May 8, 2012 - 9:08pm
sprite
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Joined: May 7, 2012
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Looks like an exhaustion move

Looks like an exhaustion move to me, there is probably more downside in the next week or so....

Thu, May 10, 2012 - 2:42pm
Silverling
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Turd on the money again,

Turd on the money again, wouldn't suprise me to see silver hit 26.