Is it time to start worrying?

[rippev]

About how fast and drastic the prices of PMs are falling these past 2 days?

[Irons]

Sure, panic away! In the mean time sell me your gold for below spot before it drops even further!! ~

[Hystckndle]

Worry about what ?
If you hold it ,
no one can LIE to you about where it is.

As for the rest of things:
" Panic now, avoid the rush "

[Weatherman]

About how fast and drastic the prices of PMs are falling these past 2 days?

Metals are having a massive sale, and it is time to free up all the cash possible to buy more. Save the fear for when metals explode higher, because then there will be the risk of another sell off. Now is the time for greed to to take advantage of the unexpected bargains the markets are offering.

[Irons]

What I find bizarre is the metal prices leveled when the NY markets opened.

Thats wierd, they should have kicked in the dive afterburners. ~

EDIT: ~ spoke too soon

[SevenEyedJeff]

What I find bizarre is the metal prices leveled when the NY markets opened.

That's weird, they should have kicked in the dive afterburners. ~

Gotta love it. DOW unchanged, no commodity down more than 3%, oh wait, silver's down 10% two days in a row! No manipulation here, folks.

[TomD]

Gotta love it. DOW unchanged

Really? From here the Dow looks to have lost about 800 points in two days. + oil is down 10%, copper about 15%

[Hope+Change]

THE SKY IS FALLING!!!

[Usc96]

I'd be more convinced that the party is over if my local dealers or even the national sellers were matching this $200+ drop on gold spot.

Rather, they all seem to be increasing their premiums so that we can't get a deal. I looked at this site's main advertiser earlier today, and the cash price for an ounce of Platinum has a $250 premium. Gold has a $110 premium. Do look at the credit card prices unless you want to risk a seizure. They want another $50 for that convenience.

[wjv]

I'm still hoping for $28 silver. . . That Happens an I'll be cleaning out the bank account to pick up 400 oz or so. . .

I'm still well into the black with what I've purchased in the past.

[platinumdude]

The PM bubble has popped just like oil did a couple of years back.

[Irons]

Its over,.. Done,... Kaput. And we never even saw Paris! ~

[Sindgefallen]

Its over,.. Done,... Kaput. And we never even saw Paris! ~

I actually did thanks to the shiny!

[AU+AG=Bacon]

I'm worried that this correction will not last long. I'm worried I wont have enough dry powder to back the truck up. This is what I'm worried about.

BACON

[Ragnarok]

"What, me worry?"


R.

[Gray]

Its the Palistinians.

Every time they get closer to a sovereign nation, PMs go down.

The better the chances, the bigger the dip. Today is the mother of all tries, so really big decrease.

Once they are shot down with a VETO, watch PMs gain $200 at least on Monday.

If by a Miracle they get their home address, Gold will be sub $1000 next week

[Silver]

The PM bubble has popped just like oil did a couple of years back.

I hope the Pizza is Money bubble hasn't popped.

[Irons]

That dropped so fast my balz are still at the top of the hill..........

[valediction]

I actually did thanks to the shiny!

a 1 oz round of the Eiffel Tower or the Champs de Elysees does NOT count as 'seeing Paris', and before you ask, that video she made with Rick Solomon doesn't count either!

[Lugnutzpop]

Why? What's changed?

Europe is in trouble. The PIIGS are still in need of a bailout. The USA is still so far in debt, my grandkids won't be able to pay enough in taxes to right the ship.

Jump in with both hands I say. Personally, I'm sick of the silver schizophrenia, I'm hoping the dip goes down enough to purchase some gold. If not, I'm digging in with both hands and loading up on the cheap stuff to flip for gold at a later date.

-L

[Gray]

Why? What's changed?

Europe is in trouble. The PIIGS are still in need of a bailout. The USA is still so far in debt, my grandkids won't be able to pay enough in taxes to right the ship.

Jump in with both hands I say. Personally, I'm sick of the silver schizophrenia, I'm hoping the dip goes down enough to purchase some gold. If not, I'm digging in with both hands and loading up on the cheap stuff to flip for gold at a later date.

-L

Didn't you hear?

Elenin is made of pure Gold and will hit earth next week, tripling the amount of Gold in one fell swoop

[Curtman]

Gotta love it. DOW unchanged, no commodity down more than 3%, oh wait, silver's down 10% two days in a row! No manipulation here, folks.

What I can't figure out is why can’t someone sue the SEC and CFTM for gross negligence in allowing these paper traders manipulation the gold and silver prices every month near expiration?

[Irons]

Why? What's changed?

Europe is in trouble. The PIIGS are still in need of a bailout. The USA is still so far in debt, my grandkids won't be able to pay enough in taxes to right the ship.

Jump in with both hands I say. Personally, I'm sick of the silver schizophrenia, I'm hoping the dip goes down enough to purchase some gold. If not,

I'm digging in with both hands and loading up on the cheap stuff to flip for gold at a later date.

-L

Good plan, that has worked wonderfully for a few on here that have the balz to ratio trade. ~

[oninismo]

I'm seriously considering trading in my gold for silver. The ratio is looking mighty good right now

[Silver]

I'm seriously considering trading in my gold for silver. The ratio is looking mighty good right now

Might be a good move - if you can handle the volatility.

[Irons]

I'm seriously considering trading in my gold for silver. The ratio is looking mighty good right now

Hold your shorts, it will get better and the dealers have to get over being stunned. Unless you trade online.

[PhucilliJerry]

You know, I used to get this sickening feeling in the bottom of my stomach when a stock I bought would drop by even a few cents, thinking holy crap I made the wrong move. Or if I bought a flat screen and the price dropped $35 the next week or if I bought gas and then around the next curve in the road it was $0.20 cheaper a gallon.

Now, my PM's are dropping like rocks in the Pacific Ocean over the Marianas Trench after a boating accident and I'm floating here treading water thinking of how much dry powder I can come up with to replace those falling rocks.

Real money, real assets

[Irons]

You know, I used to get this sickening feeling in the bottom of my stomach when a stock I bought would drop by even a few cents, thinking holy crap I made the wrong move. Or if I bought a flat screen and the price dropped $35 the next week or if I bought gas and then around the next curve in the road it was $0.20 cheaper a gallon.

Now, my PM's are dropping like rocks in the Pacific Ocean over the Marianas Trench after a boating accident and I'm floating here treading water thinking of how much dry powder I can come up with to replace those falling rocks.Real money, real assets

More proof you gold and silver people are crazy. Freaking batsh*t nutso.

[Silver]

Hold your shorts, it will get better and the dealers have to get over being stunned. Unless you trade online.

You're right. Brick and mortar dealers won't be selling until they buy cheap coming in.

[CiscoKid]

Just make sure your hatches are tight and chew some gum. Meanwhile, get ready to dive.

[shamash]

You know, I used to get this sickening feeling in the bottom of my stomach when a stock I bought would drop by even a few cents, thinking holy crap I made the wrong move. Or if I bought a flat screen and the price dropped $35 the next week or if I bought gas and then around the next curve in the road it was $0.20 cheaper a gallon.

Now, my PM's are dropping like rocks in the Pacific Ocean over the Marianas Trench after a boating accident and I'm floating here treading water thinking of how much dry powder I can come up with to replace those falling rocks.

Real money, real assets

Yeah, I hear you, lol. To make it worse I thought I'd go over to the First Majestic site to see if their silver prices had updated yet (they haven't, still $40) but then I discover they are now minting 1/2 ounce bullion coins, 16 to a tube. Ah...the temptation of it all!!

[Joseph]

Its the Palistinians.

Every time they get closer to a sovereign nation, PMs go down.

The better the chances, the bigger the dip. Today is the mother of all tries, so really big decrease.

Once they are shot down with a VETO, watch PMs gain $200 at least on Monday.

If by a Miracle they get their home address, Gold will be sub $1000 next week

ok - for the benefit of us new guys - are you serious about Palestine ?
i'm taking a bath in PSLV and PHYS - - I'm not selling, just waiting to jump in and get more and more physical frrom APMEX

Is there any opinion about buying in on late Friday afternoon or can we expect to see more of a dive Monday AM

or is it a crap shoot at this point ?

Joseph

[wallywest]

I'm worried that this correction will not last long. I'm worried I wont have enough dry powder to back the truck up. This is what I'm worried about.

BACON

This......

[TomD]

Looking for a silver lining? Gasoline futures have dropped about $.30 per gallon in the last few days.

[spathatos]

No, it is not time to start worrying...it is time to start buying.