Buy the dip, in the next few days the markets will have erased these losses, for the past couple of days the Dow has traded down only to close flat to positive on the day. This has to be the best buying opportunity before the Dow jumps past 13,000 by the end of May. Keep buying the .58% dips, markets will only go positive in the days to come!!! And silver will probably be back near 50 in a few days as well!!!!
Get ready for the rally, I can smell the free money near by as they get ready for the propping of the markets by the close, the nasdaq has nearly erased 1/2 it's losses and looks like it may close positive in the next hour and 30 mins of trading!!!!
Nine_Ender I'm glad I (temporarily) took you off ignore as I've just discovered another of your foolish emotive outbursts. If you had used your brain and actually looked at the chart, you would have realised that the silver chart I refer to is dated April 27 and posted April 28. So my call was indeed correct. http://stockmarket618.files.wordpress.com/2011/04/2011-04-27_xagusd_wk_x.png Seems you are illiterate. And a frustrated troll.
Regular readers at http://stockmarket618.wordpress.com will be familiar with this summary. When DOW/S&P500 correction gathers momentum, I expect: UP ~ USD, various USDXXX currencies, VIX Index DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like COPPER etc, CRUDE OIL.
"Familiar with this summary " Are you actually able to give a different outlook, no matter what the situation is ??
Interesting post on a different blog (one of those where the writers makes the effort to adjust his view to the market's situation ) : http://www.priceactionlab.com/Blog/2011/05/five-consecutive-lower-closes-in-qqq/
Just like yesterday the nasdaq rallied off it's lows today they are going to close it in the green, semis will take it positive in the next 20 mins!!! Silver will be bouncing as well, get ready for the mid day turnaround rally!!! The Dow has held up quite well, so it won't take much to erase the last days of losses by tomorrow! Buy the dip!