GREY:PTQMF - Post by User
Comment by
Libertygon May 01, 2011 9:45pm
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Post# 18515649
RE: RE: Gold Up $30 to $1560
RE: RE: Gold Up $30 to $1560Silver dropped $6.00 in 13 minutes tonight. $6.00 in THIRTEEN MINUTES!!!!!! That's all we needed to see. Prepare for volatility most have never seen. Gold being far more stable dropped as well$34.00 in the same blink of an eye. Again this is screaming caution in the metals. I think a correction now could be very sharp and very fast, with some big bounces along the way. Hopefully none of you are trading futures right now, you could be wiped out in moments. Silver tends to overshoot up and down so a drop to as low as 17.00 - 20.00 is possible at the extreme end, but 31.00 is not by any means out of the question. Gold could go as low as maybe 1050.00 - 1150.00, which could mean severe drops in silver. In other words anything could happen and it's wise to be very cautious. Gold could also hold up ok and silver correct strongly. We need to watch the equity markets and our mining shares to see how they react to these kind of drops,and see if silver and gold reclaim the losses or continue correcting. Monday will be very interesting to say the least.