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re: Serious Damage Done to Precious Metal

Posted on 5/1/13 at 5:37 pm to
Posted by Reubaltaich
A nation under duress
Member since Jun 2006
4970 posts
Posted on 5/1/13 at 5:37 pm to
As of May 1, 2013 silver is at $23.74/oz

Gold is at $1461.00/oz

Is the bottom for PMs?

Its been hanging around these price ranges for a while.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69932 posts
Posted on 5/1/13 at 6:40 pm to
If it's a bottom, it's a false bottom. There's still a lot of fear going around, plus the Gold advertising doubled right after the mini crash, which usually means dealers are ggetting nervous and trying to artificially keep the price high so they offload before the real crash.
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