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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: Andrew who wrote (54614)	10/4/2016 1:13:09 PM
From: Andrew	Read Replies (1) \| Respond to of 60900

Is anyone stepping in to buy here? Silver smashed wow, worst day I've seen in some time

To: Andrew who wrote (54614)	10/4/2016 1:13:37 PM
From: benwood	1 Recommendation Recommended By dara Respond to of 60900

In the last bull from '08 to the '11 top, the 140 dma was breached in first few months, the first major shakeout, but not after that until after the 1923 top. This either is a rhyme, or a death knell. Of course, when it happened in 2009, it was death knell... -g-

To: Andrew who wrote (54614)	10/4/2016 3:52:46 PM
From: stuffbug	1 Recommendation Recommended By Anchan Read Replies (2) \| Respond to of 60900

Are you a trader or an investor? Traders will wait, some investors may buy a little, but most will wait until there is some evidence of a potential bottom on the daily charts. Today is down day number 6, bullish or bearish runs tend to end by day 8,9, or 10. GDX 200 day moving average is at 23, May lows were just below 22. Correction is now over 25%, several months ago some didn't believe we would ever have a 20 - 30% drop even though they have occurred during the early stages of every gold equity bull market. Lots of sell stops triggered in gold futures - a massive number below 1305, a large bunch under 1290, another bunch around 1280 and a final smaller tranche in the 1270 area. The banksters who were under water after Brexit doubled down during the surge to 1375 and have probably now exited at least break even.