POW POW POW Silver & Gold take a hit
 

Down about 5% overall!

yeah... we've all been watching gold lose its value for a few 1000s of years now. Should hit rock bottom soon.

Keep us informed.

everything is taking a hit today it seems. Silver looks like a good time to buy for me though heh

Bitcoins doing just fine:1orglaugh

rising $ = lower $ priced commodities. the actual value is the same.

The fed is going to wind down bond buying, the commodites market is based on future deliveries.. So the markets react today to something that will happen 6 months in the future.

what happened to keep buying bonds until the unemployment was below was it 7%?
damn, the world markets are in RED big time.
actually gold and silver would be a safe heaven right now.

I would hold off a bit, they are supposed to go down even further, $12 for silver and around 1200 for gold :2 cents:

:1orglaugh:1orglaugh

Been short gold off and on for a year now. It just went too far too fast.

I agree with this......

Some analysts and hedge funds expect a low for Gold at around $1000.
Silver will follow it down but silver also has some over supply issues right now which means so I think $12 silver is not unrealistic.

$12 silver would be great, id buy even more!

After seeing everyone so negative, I covered. Starting to watch gold for a short.