Silver Gaps Down Nearly $6 on Asian Open- Did You BTFD?

May 1, 2011 By 8 Comments

Silver has gapped down nearly $6 to $42 on the Asian open.  Professionals are buying now. Could silver go lower tomorrow during the COMEX session? Yes, but that is not the point, weakness MUST be bought during major bull markets.  The correction actually already appears over as silver is back above $44 and climbing currently.
Price corrections in major bull markets must be bought.
BTFD and put your buy orders in NOW!



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Comments

  1. Anonymous says:
    May 1, 2011 at 8:51 PM

    And APMEX thought they were out of eagles before!

  2. Anonymous says:
    May 1, 2011 at 8:52 PM

    MORE OUNCES FOR YOUR FIAT TONIGHT PEOPLE!!!

  3. Tyrone says:
    May 1, 2011 at 9:30 PM

    Some silver vids…
    Silver May 1st Heart Attack
    Unstoppable Silver?

  4. JC says:
    May 1, 2011 at 9:57 PM

    This is simply the liquidation of Comex positions that did not cover the margin requirements from Friday's increase. The Comex dumped all the non-compliant positions on the Globex open knowing that it would drive the price down in a thinly traded market on a holiday for others. By the Dip and take delivery.

  5. Anonymous says:
    May 1, 2011 at 9:57 PM

    does this affect silver's May deliveries at the comex?

  6. Anonymous says:
    May 1, 2011 at 10:22 PM

    tonight's take-down is enough to scare newbies just now considering silver away. it was breathtaking.

  7. Big Machine says:
    May 1, 2011 at 10:41 PM

    should i buy now, or will they take it down more when the comex opens?

  8. Nicolette says:
    May 2, 2011 at 3:06 AM

    Big Machine, definitely buy as early as tomorrow. You never know with the market.

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