$ Silver $

[SethArb]

silver took a stumble along with gold coppeer and platinum overnight

the euro and oil too tripped up

 

[duard]

Silver

 

[ElectricSavant]

They seem to be building it in now...

Quote from rhymeswithorang:

any thoughts as to the timing of the SEC approval for the ETF, it could come at any time now is my understanding. Thanks in advance.

 

[duard]

Where do you think the bottom on this correction in the metals and specifically silver may fall?

 

[2cents]

with rates of 5% and rising to beat, and increased margin requirements across the board, the hedgies have no option but to seriously reduce their bets on the metals ponzi... expect a 30+% correction from the peaks over the next few weeks... as for silver, thats a by-product of copper production, therefore the more copper is produced, the more silver... dont expect demand to exceed supply there....

 

[duard]

One of the Goldman Sachs metals strategists believes a 4 month correction is in the works. 30% of 15 as the most recent top in silver would imply 10-ish as the bottom. Seems plausible.

I would then think a resumption of the bull trend. We'll see.....

 

[PMInterloper]

if GS said it, it *cannot* be true ...

 

[daddyeaux]

holy smokes,

warehouse stocks down 3.6 million oz. yesterday...been awhile since I've seen that

 

[niceneasy]

hey daddyeaux - curious to know where you see that stat....if you have a sec

thanks

 

[daddyeaux]

I have a futures broker that has future source real time, If you pick around the NYMEX site, it's there someplace in the metals section...

they may post it a day later

oopps...the number was as of today