Sunday, 1 May 2011

Silver Smoked by the Pervibial Hammer! Silver Down Hard!

Silver just took the beating of a life time, in ONE TRADE! Down $5.10 in Asian markets, this is roughly a 10% drop in the matter of minutes! Someone has just laid on a massive short position. If that isn't the buying opportunity of a lifetime, I don't know what is. It is already starting to come back. A move of that magnitude is completely unrealistic.

Silver will hold steady, as I said last week, as it is Golds turn to run up. But it will not crumble, nothing that is driving these markets has changed.  Time to BTFD!