RE: gold and silver tanking overnightDamn this market. It keeps trying to trick me into buying. Just when you think you've put in a bottom, they take it down a gain. 2008 has been the year of perpetually lower lows. By the time options expiry rolls around Silver will be $10 bucks. This just can't last. I do not think that most of the producer's can be very economic at these energy prices. I know that SVM covers it's production costs with base metals, but there must be a price at which the producer's can't tolerate.
Any idea if this will take down the share price at hte open tomorrow?