The bubble burst. It was expected to.
Somebody cornered the market and is profit taking?
Normal. Probably trade sideways a while. Won’t drop below $35/oz.
I’ve been wanting to buy junk silver, so maybe I still have a chance of getting it at a decent price.
Must be shifting their assets to lead instead.
IMHO:
Chicoms.
They’ve reached the conclusion America is tired of their bullcrap.
They unloaded a huge amount of silver, and will be re-buying after the revaluation.
Want to screw them? Buy now before they can.
It’s not a surprise to anyone who has been reading the Kitco pundits for the last two weeks.
Jim rogers says he is waiting for this selloff to buy some more.
No real mystery, profiteering.
Somebody has been driving gold and silver to super highs and when there was indication that their potential was maxed out, they sold their share.
The only question is whether this could cause a massive sell-off and a collapse of commodities.
The Hunt Brothers revenge.
bump
Whenever some trusted investment advisor opines, “It’s different this time...” the bubble is about to pop.
Accumulation-markup-distribution, the classic market cycle. This is a healthy thing, nothing can go up forever.
China has recently been the floor under the price, but they will be closed today, so its all JPM's to buy.
While all commodities are due for a 25-40% drop, Silver is the most likely to drop 50% +.
Wish I had some of these, tho’
http://lakotasilver.com/catalog2/product_info.php?cPath=22&products_id=38
See their quote in this page
http://www.freelakotabank.com/aboutfreelakotabank.php
They have foreseen today's debacle coming for some time - and they have established their own, independent - untouchable - bank...
They have also built their own power plants. They are ‘going Galt’ - (they legally own a lot of land out there - they could, if TSHTF, control who comes and who goes. They may be more prepared than most - and they are sovereign.
