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Silver miners continue to have a brutal week, as yesterday's huge decline in silver prices is...

Silver miners continue to have a brutal week, as yesterday's huge decline in silver prices is followed up by an even larger drop today. SLW -3.7%. CDE -4.4%. SSRI -3.4%. EXK -4.3%. But some copper miners are rebounding a little, even as the metal sheds another 3.4%. FCX +0.9%. SCCO +1.3%. BHP +0.7%.
Comments (4)
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    Funny, when the banks are in trouble, everything PM gets liquidated.

     

    And they said they weren't buying metals... Riiight..
    23 Sep 2011, 10:16 AM Reply Like
  • That_Guy
    , contributor
    Comments (74) | Send Message
     
    Pretty much bull*&^! I lost 5% yesterday before i was stopped out on silver. Question is when will this nonsense end. Silver off 20% in 2 days....banks raising capital on shorts, people raising capital for margin calls.

     

    Where will it find a new bottom?
    Before it rockets off.....to 60 ;)
    23 Sep 2011, 10:21 AM Reply Like
  • Drew Robertson
    , contributor
    Comments (357) | Send Message
     
    if silver miners rebound, here are the real owners who will be happiest.
    http://bit.ly/o4M1tw

     

    Big IF.
    23 Sep 2011, 10:47 AM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    Right on short term. We have liquidation central, '08 style, happening now. Everything gets sold including the floor.
    23 Sep 2011, 11:08 AM Reply Like
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