I am interested in getting about 10 ASE's and a 1/10 gold eagle and i realize that today JPMorgan drove silver and gold down so should i but them today? or will they drive it down again tomorrow? when do i buy?
they might try to crush it again Monday, but it is more likely that the markets will spring back driven by Asian buying. If you can get a decent price on the ASE's today or tomorrow go ahead and buy. Even if the price continued to drop for another day or so, it's unlikely to fall further than support at $17.50
The silver [is] mine, and the gold [is] mine, saith the LORD of hosts. Hag 2:8 [/b] He created it. He controls it. He gave it to us for His use. Why did we turn from sound scriptural currency that PROTECTS us?
when reading charts, prior resistance levels ($17.50) are viewed as support levels once they are surpassed by a fair amount for a significant period of time. whether it holds true or not, who knows. Anyway, JPMorgan knows how to read charts too, so when they crush the market with short selling they will try to "violate" the support by dropping thru the perceived level to the downside, thus triggering stop loss limits by traders who make decisions based on technical signals.
how long will JPMorgan drive silver down?
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Posted - 07/16/2010 : 14:24:22
