So, Who’s Blowing Up? Gold, Silver Getting Pounded Even Harder

So, Who’s Blowing Up? Gold, Silver Getting Pounded Even Harder

From wsj.com

Somebody’s hedge fund might be blowing up right now. Silver, which was already having an awful day, started taking it even harder in the past half an hour, on very heavy volume. It’s now down nearly 17% to $30.495 an ounce. Gold is off 5.3%, or $93, to $1649.20 an ounce. Grim.

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Post #1
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Sep 23, 2011 2:45pm Sep 23, 2011 2:45pm

foto
Joined Jan 2007 | Status: Member | 1,949 Comments

Oh lets all go buy stocks.

(sorry couldn't help myself. )

Post #2
Quote
Sep 23, 2011 3:02pm Sep 23, 2011 3:02pm

lumesh
Joined Apr 2007 | Status: Member | 285 Comments

define irony:

An UBS rouge trader lost $2 billion trying to short silver...now it's over and the damage is done, silver starts to burst...it's always after the margin call when the reversal kicks in

Post #3
Quote
Sep 23, 2011 3:03pm Sep 23, 2011 3:03pm

venziro
| Joined May 2010 | Status: Member | 10 Comments

Quoting foto

Disliked

Oh lets all go buy stocks.

(sorry couldn't help myself. )

Ignored

nah thats brilians idea (about "sorry couldn't help myself" make it two :xd)

Story Stats

Posted: Sep 23, 2011 1:58pm
Submitted by:
Newsstand

Category: Low Impact Breaking News

Comments: 3 / Views: 1,246