SILVER DOWN BIG

Posted: May 2, 2011 in Uncategorized

Silver is down big in the after hour.  According to Zerohedge.com the selloff is due to China slow down concerns and dollar short covering.  Expect the top callers to be all over CNBC tomorrow.  I would imagine orders for physical will be off the chart tomorrow.  Let’s see what happens tomorrow, the big picture has not changed.

Article Here

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Comments
  1. …………………………………………………………………………………Selloff likely to continue todayB G Shirsat MumbaiOctober 8 2010 0 15 ISTVolume-driven selloff in index and stock futures is likely to continue tomorrow as the Nifty October futures close of 6 144 was way outside the value area 6 166-6 218 …A closing way outside of the value area suggests a late need to either liquidate or enter the market.

  2. business says:

    weve seen a lot of short covering on big selloff days lately as people fear intervention by this that or the other entity.

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