I would think the death of bin laden elevates the risk due to possible retaliation by his supporters. The us government seem to think so as well. Bin laden has been nothing more than a figurehead for years, i wish killing him would magically cause the demise of al queida, but you are living in a fantasy world. Silver was crashing before bin laden's news, mostly due to very thin volume (asian holidays), the margin increase and a top blowoff. Whether it's anything more than a blip remains to be seen.
I'm pretty convinced that it's China. This is my evidence: http://www.youtube.com/watch?v=s8mBEpuIYY0&feature=channel_video_title
======================== Nickname salvadoor90; actually that probably will be a good trade/investment/average cost.Long term trend still looks fine. Not a prediction, simply probabilities. Lightened up some silver positions [not contracts....]in late APR; simply because [pTp]]parabolic time price looked like it may/sell in may/away... I personally do not use parabolic time price in a strict mechanical way; but like the principal. I was rather suprised @ one dealer, sold all his silver to melt. He is not getting out of the silver business, but may remember the $50 bear hunt where they hunted the price up, so to speak.LOL Did see some insurance in the $55.4 *area; but that is not an exact number simply an area. Short term trend , seems somwhat of a panda bear/polar bear trend.....
Just noting that this silly video I shared was put up on April 25th when silver was 45.81 very clearly indicating to "short silver." Now silver is at 38.27. Lucky guess? Perhaps - but it struck me that I think a lot of people on the boards here will have a couple lucky guesses and be very loud about it and maybe not use a panda bear sidekick to be taken more serioiusly - but because the way they talk they'll get a following. (They speak agressive, confident, loud - will take in the searchers) Anyway - just an observation. But wouldn't it be funny if we were all watching this Chinese Gothic Lolita with a panda puppet predict the market as if she were Cramer?
the video is funny for sure... trying to double guess the irony, intentions, etc behind it. god only knows whether it's shill, earnest, etc... silver is just the froth on an ocean wave lately... going in, out, in small and large $. silver = foam. if you're not already in it, give it time to settle down... leave it alone. it's frothing like a rabid animal. why on earth would you attempt to deal with a rabid animal if you don't have to? don't mess with the froth.