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Oh Shit! 
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Post Oh Shit!
Throughout the land there is heard the piteous wailing of the "To da moon!" crowd as they beat their breasts and rend their garments, while crying "But it was supposed to go UP!"


Thu Feb 04, 2010 8:26 am
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Post Re: Oh Shit!
Maljunulo wrote:
Throughout the land there is heard the piteous wailing of the "To da moon!" crowd as they beat their breasts and rend their garments, while crying "But it was supposed to go UP!"


Throughout the offices and manufacturers of paper products the slapping of high fives is heard as the demand for ever more paper products in ever increasing proportions is recognized by the upper crust,,,,and America withers on the vine.
Too the moon indeed.


Thu Feb 04, 2010 10:41 am
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Post Re: Oh Shit!
This is the best buyers market in a long time!

Anyone who can't see the shorts are covering, is most likely not wearing their glasses.

I am a buyer....all the way down. I have seen it before and recognize what's happening.

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Thu Feb 04, 2010 12:14 pm
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Post Re: Oh Shit!
 
I've been buying this morning...
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Consider, also, the weeks ahead. Historically, the price of silver is bombed, right before the expiration of a futures contract (moreso for silver than gold.)

Image

The last trading day for March-delivery silver options contracts is February 23, 2010.
NYSE - Precious Metals Futures Calendar

I am, therefore, expecting silver prices to drop, just before the end of February.

-Taff

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Thu Feb 04, 2010 12:35 pm
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ancona

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Post Re: Oh Shit!
This is great, keep going down.
I'm with the "To da moon!" crowd but let's make a stop at the bottom first. :twisted:
I'll buy near the bottomright after it starts going back up at about $12.45

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Thu Feb 04, 2010 3:51 pm
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Post Re: Oh Shit!
Milomorai wrote:
This is great, keep going down.
I'm with the "To da moon!" crowd but let's make a stop at the bottom first. :twisted:
I'll buy near the bottomright after it starts going back up at about $12.45


If you are buying physical, be sure that your supplier has inventory to sell at that price.


Fri Feb 05, 2010 9:24 am
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Post Re: Oh Shit!
I read about Gold covering shorts, but not silver. I don't watch the COT reports much, numbers are too whacked up month to month.


Thu Feb 11, 2010 6:03 pm
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