Silver down over 9% since Friday's close

[1a2b3cppp]

Spike outta nowhere!

 

[atticus]

Quote from pikachu9:

Probably good long-term play in years though, imho, some short-term pain as more paper gold gets liquidated.

ABX up 6% on the day.

 

[bone]

Quote from atticus:

What's the point of referencing an order that (thankfully) was not filled? I'll be buying ABX at the open.

Very well done. Nice !

 

[pikachu9]

Quote from atticus:

ABX up 6% on the day.

Props.

 

[1a2b3cppp]

Quote from atticus:

What's the point of referencing an order that (thankfully) was not filled? I'll be buying ABX at the open.

Why thankfully? That would've been an awesome buy position.

 

[FreakofNature]

Quote from 1a2b3cppp:

Why thankfully? That would've been an awesome buy position.

Unless Im miissing something, the 18.25 entry never came either.

 

[1a2b3cppp]

Does anyone know what caused that spike today?

 

[pikachu9]

Quote from 1a2b3cppp:

Does anyone know what caused that spike today?

The overnight news that Japan said their currency had declined enough and any more decline would be harmful to the economy, thus implying a less aggressive stance towards their asset purchases.

 

[1a2b3cppp]

Quote from pikachu9:

The overnight news that Japan said their currency had declined enough and any more decline would be harmful to the economy, thus implying a less aggressive stance towards their asset purchases.

Were they selling a lot of silver or something before?