Silver Drops 12% In 11 Minutes !!!

Silver prices fell sharply Monday after CME Group increased the amount of cash needed to hold speculative positions in the metal.( MarketWatch reported today )
this is a healthy pull-back in silver rally ,the markets will continue to short the US dollars and long the commodities , Peter Turville-Ince, head of commodity & equities strategy at Compass Global Markets, thinks that the pullback in silver is only temporary and is still bullish on precious metals in the medium term. , Peter sees the silver at $70 , $75 before the end of the year ...this pull-back is a great opportunity of physical silver buyers and hoarders like myself


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Eric Sprott sold his Silver Trust units

As reported by the Canadian news paper the Globe and Mail this morning of May 2, 2011 Eric Sprott sold his Silver Trust units : Eric Sprott and Sprott hedge funds have sold trust units in Sprott's Physical Silver Trust. The trades were made in the last two weeks of April when the price of silver peaked. read article >>>>

Why did Silver price Slip today ?

Michael McCarthy, chief market strategist at CMC Markets, believes silver has entered the "blow-off" phase of the bubble market and prices will stay volatile.I beg to disagree with McCarthy , what we saw this morning was a healthy correction the price of silver is what it was just a week ago , the fundamentals are still fantastic and I expect the silver to end at $50 by the end of the month...today's dipp is a great opportunity for buyers to go and get more physical silver...



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)