Notable Huge pullback on Silver prices - down 22% and falling

[brutana_dilewski]

It's falling like rain in Vancouver!

Waiting to see where the bottom might be so I can pick up some more of it on the cheap.

It would be a pretty good day to buy IMO.

 

[Nink]

It would be a great time to buy. On the 4-hour the RSI just touched oversold territory so I would expect a retraction. I'm waiting for the bar to close though. Might bounce around here for a wee while. Has to unwind some sell pressure but the trend is still upwards. buy the dip is certainly in play, just a matter of how far it will dip.

 

[d01tg0d0wn]

Banks need tier 1 assets before March according to the BIS. Silver is a tier 1 asset now as is gold.

They dont want to do so at the high prices. Rumor is this is manufactured in ways to help them get orders in to meet the new requirements set on them.

Time will tell

Either way supply is depleting.

Mining stocks are collapsing or becoming available at discount rates consider mining stocks. Remember mining stocks are high risk so be smart and do your research. If a mining stock is pulling silver or gold out of the ground and positive cashflow then those are safer then other mining stocks.

 

[Nink]

Not just in silver check out other precious metals. Its across the board.

 

[d01tg0d0wn]

In the 70s now for silver. Wife wouldnt let me buy at 100++ maybe she will now. How did she know?

Crazy day .. good thing i still have my day job

 

[Nink]

It ain't over.

 

[d01tg0d0wn]

I know but it feelz bad

I havent lost any money yet and even if i do i know i am position well. I will come out on top

 

[Nink]

Trump's nomination of Kevin Warsh (a former Fed governor viewed as more hawkish and inflation-focused) for Fed Chair eased fears of ultra-dovish interference that could supercharge dollar weakness and inflation trades. That steadied the dollar, sparked profit-taking, and triggered margin calls/liquidations in leveraged paper positions— Overheated longs got flushed out fast, with thin liquidity exaggerating the drop.



View: https://www.youtube.com/watch?v=AggsvII90eQ

 

[Jack Layton]

Walk into Peoples and nick it, like everyone else. You get bail and what's the price in 30 years?

 

[d01tg0d0wn]

View: https://m.youtube.com/watch?v=OpzxWgpyS24&pp=ygUJQXNpYW4gZ3V5

If u hold gold or silver what is happening isnt gonna affect you when the recovery from this begins which is what is happening now. Keep u r mind

 

[d01tg0d0wn]

Central casting???? Anons know

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[brutana_dilewski]

Picked up a few more oz once it dipped below $80. Not too shabby

 

[TOPDAWG]

It's only 22% is nothing you bitches should try digital currency. I lost 20 grand in like 3 months. You don't know the meaning of the roller coaster ride.

I'm still up over 5 grand on my original purchase but whatever it'll go back up like always.

More than likely you just got some big sellers dumping everything to make a profit and then buy back in.

 

[Nink]

22 isnt realy a key fibonacci number. At least not for retracements.