Silver Flash Crash Showing on Kitco
This just happened around 7.30 EST. Silver printed over a dollar lower, gold was lower as well but not as significantly. It remains to be seen if this is real or a glitch. I will update as more info comes in and if this market low is validated. At this time, it appears to be real. A running of the stops which often precedes a move higher. The metal markets to me look like they are trying to find a bottom soon, and I am hoping this may be it.
http://www.kitcosilver.com/
Motowngold!
funny...you never see a "fat finger going up" on silver.... these jokers will all be wearing orange jumpsuits soon
You are right, and jumpsuits would be almost too nice for them. ON the big up move, not for a long time, but I believe it is coming soon.
it's coming....they are pounding it so when it does rise again soon it stays below some key numbers....but it wont
Their pounding did not last long tonight. I wonder how many stops actually got ran during what is kind of an off time in the market?
The difference between the comes and the physical gold/silver exchanges in Asia are trading much higher --- this should get interesting.
I am waiting for the rumored billions said to be coming very soon to show up, that should tighten up the spread nicely!
Screwed me completely.
What do you mean, did you have stop losses set that triggered?
I really want gold to move below $1200 so I can buy. After that, it can go up all it wants.
Are you buying futures or actual metal? For me, I am ready for up right now!
I prefer the actual metal. Something about having it in my possession appeals to me.
Me as well, so much better than paper metal.