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3 Weird Things About Tonight's Huge Silver Selloff (-9%)
TBI ^ | 5-1-2011 | Joe Weisenthal

Posted on 05/01/2011 6:07:53 PM PDT by blam

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To: blam

Driven down by capture of Osama. The probability of a terrorist act is perceived to have gone down greatly and thus the drop in prices for commodities.

I am sure some traders were privy to this news before the press release and President’s speech.


101 posted on 05/01/2011 9:46:32 PM PDT by Cool Guy
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To: ChildOfThe60s

Just that the dollar is low against other currencies means that it will eventually rise against them.


102 posted on 05/01/2011 10:02:20 PM PDT by BenKenobi
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To: mplsconservative
Congrats on doing the Ironman. My dad was a huge triathalon/distance runner until a glioblastoma took him away from us in December. He would not have liked that run, with snow swirling around, but would’ve been smiling anyway. He was that kind of guy, always a half full glass and enjoying the endorphins from running.

My condolences. There's a Calvin and Hobbes cartoon you might like, btw.

The MN Ironman is strictly a bike ride, however.

To stay on topic, my mom who lives with us now has a bunch of Kennedy half dollars. Think they’ll sprout if I plant ‘em? :)

It worked for Uncle Andrew in The Magician's Nephew. Poor old Brandy!

Cheers!

103 posted on 05/02/2011 3:21:16 AM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: Jonty30
Wouldn’t surprise me if he sold everything he had.

Would it surprise you that it was done in 2006?

104 posted on 05/02/2011 3:28:49 AM PDT by Stentor ( "All cults of personality begin as high drama and end as low comedy.")
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To: Stentor

Somebody mentioned that. I wasn’t aware of that.


105 posted on 05/02/2011 6:02:59 AM PDT by Jonty30
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To: Cool Guy
"The probability of a terrorist act is perceived to have gone down greatly and thus the drop in prices for commodities."

I think anger over the death of OBL increases the probability of an even greater attack.

106 posted on 05/02/2011 7:01:01 AM PDT by blam
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To: Cool Guy

You are WRONG! The drop happened in early Asian trading three to four(4) hours before President Obama called U.S. Congressional leaders and it was a non-economic event.

READ AN AUSTRALIAN PERSPECTIVE VIA WSJ:

http://www.theaustralian.com.au/business/markets/silver-tumbles-45pc-gold-dips-as-investors-take-profits/story-e6frg91o-1226045321896


107 posted on 05/02/2011 7:14:39 PM PDT by Richbee ("The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of sociali)
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To: Richbee; blam

I guess we were all wrong.

http://www.bloomberg.com/news/2011-05-02/silver-margins-raised-by-comex-for-second-time-in-a-week.html


108 posted on 05/02/2011 10:25:15 PM PDT by Cool Guy
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To: Cool Guy
"I guess we were all wrong."

Yup.

Fortunately, all I've ever confessed to being is a chip-maker, not a specialist on silver, lol.

109 posted on 05/02/2011 10:33:14 PM PDT by blam
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