Why's silver getting hit so hard?

Discussion in 'Commodity Futures' started by LT701, Aug 16, 2007.

  1. LT701


    waaaay harder than anything else, and it's one of the few things out there with intrinsic value

    down 9.00% today
  2. JamesJ


    Big Positions have to be liquidated by some Hedge Funds, i guess...
    "Alpha"-Seeker are watching out for the small exit...
  3. Stocks and metals have been and still are liquidity-driven. They're moving up and down together.
  4. JamesJ


    in Silver and other Assets there's kind of a chain reaction going on right now...Silver already down 11%
  5. LT701


    now down 10.00%
  6. Surdo


    Have you taken a look at ZG or EURUSD lately?
  7. Commitment of Traders Report (COT).

    "ted butler" mentioned recently that the largest shorts in silver
    had their biggest boatload of "short positions" since late feb.

    in late feb silver dropped huge too

    there can be many other reasons why silver is dropping
    but this is one of them
  8. LT701


    it's down 3 times as hard as gold
  9. 08-15-07 12:59 AM
    the "dark side"
    has been in control here
    silver is going down 3 times faster than gold so far this week

    I noticed that the other day ... past experience has shown me to
    be extremely careful ... leverage can "crush" anyone who steps in front of a steamroller

    the good news is silver is getting to or is now in a "better"
    buy zone at least according to "mr butler"
    problem is he is bullish most of the time
    as he keeps saying oneday we will see silver
    above $20 , $50 or even higher when the "manipulation"
    as he puts it finally ends
  10. LT701


    butler may be right or wrong, but he's definately 'tin foil hat' perma silver bull conspiracy theorist
    #10     Aug 16, 2007