Prev Message Back To Forum Threaded View Next Message

SMF069

Rank: President [?]

Points: 40296 [?]

Votes: 57 Score: 3.6 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Silver Smackdown Continues

posted on Dec 03, 2013 07:08PM

Hopefully the price of silver will reverse course shortly. This artifically low silver price in now way reflects 'real world' fundamental supply and demand. SMF

Silver Slumps To $19 As Precious Metal Smackdown Continues

12/03/2013

The overnight session was relatively quiet as precious metals trod water while equity markets tumbled. However, as the US equity cash session looms, silver and gold are coming under renewed selling pressure (and the USD bid) in a seeming effort to provide some rotational bid to stocks into the open (just like yesterday). This is the lowest for Gold ($1218) and Silver ($19.01) since July.

The Asia close, Europe open and US open appear opportune times to dump all your precious metals...