Why's silver getting hit so hard?

L

LT701

waaaay harder than anything else, and it's one of the few things out there with intrinsic value

down 9.00% today
 
Big Positions have to be liquidated by some Hedge Funds, i guess...
"Alpha"-Seeker are watching out for the small exit...
 
Commitment of Traders Report (COT).

"ted butler" mentioned recently that the largest shorts in silver
had their biggest boatload of "short positions" since late feb.

in late feb silver dropped huge too

there can be many other reasons why silver is dropping
but this is one of them
 
08-15-07 12:59 AM
the "dark side"
has been in control here
silver is going down 3 times faster than gold so far this week


I noticed that the other day ... past experience has shown me to
be extremely careful ... leverage can "crush" anyone who steps in front of a steamroller


the good news is silver is getting to or is now in a "better"
buy zone at least according to "mr butler"
problem is he is bullish most of the time
as he keeps saying oneday we will see silver
above $20 , $50 or even higher when the "manipulation"
as he puts it finally ends
 
Quote from SethArb:

08-15-07 12:59 AM
the "dark side"
has been in control here
silver is going down 3 times faster than gold so far this week


I noticed that the other day ... past experience has shown me to
be extremely careful ... leverage can "crush" anyone who steps in front of a steamroller


the good news is silver is getting to or is now in a "better"
buy zone at least according to "mr butler"
problem is he is bullish most of the time
as he keeps saying oneday we will see silver
above $20 , $50 or even higher when the "manipulation"
as he puts it finally ends
More...

butler may be right or wrong, but he's definately 'tin foil hat' perma silver bull conspiracy theorist
 
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