Silver Stocks Get Crushed Down 6.3% (SLV) Silver ETF

Date: 9/22/2011

Silver Stocks Get Crushed (SLV) Silver ETF. Silver prices dove over 6% on September 22, 2011 taking the iShares Silver Trust (SLV) taking it down to $35.39, SLV is currently trading at $36.05 down $2.50 from it's previous close of $38.56 as "margin debt selling" hit the markets as world wide markets FEAR kicked in and global equities sold off in a big way. Stocks moved sharply lower at the start of trading on Thursday, extending the substantial downward move seen in the previous session.

The major averages all slid firmly into negative territory, with the Dow dropping to its lowest intraday level in a month.In the past few minutes, the major averages have seen some further downside, hitting new lows for the young session.

The Dow is down 356.46 points or 3.2 percent at 10,768.38, the Nasdaq is down 76.15 points or 3 percent at 2,462.04 and the S&P 500 is down 35.60 points or 3.1 percent at 1,131.16.

While all the "professional traders", "mutual funds", & "hedge funds" were piling into equities ahead of the FOMC Meeting, SMF was telling people to dump stocks and buy puts. A free trial member Ken was able to lock in a solid gain on his AAPL calls and made $37K taking those profits made on the calls and buying deflated put options.

Stocks Gapping Down List 9/22/2011

AGQ ISRG PCLN GOOG AZO CMG CRM MA AAPL WYNN TQQQ GLD AMZN CF CMI IBM FSLR BIDU CLF CRR GMCR SINA CAT DECK FFIV MOS EOG FCX SOXL JOYG SLV
VMW GS WAT LVS POT LULU SOHU QCOM MCP HUM OXY AXP DE HES APA BLK YNDX RIO HLF AGU GDX RVBD HANS YUM CME TZOO X QQQ SPY MON NBL DSW ACN AEM CVX NEM SLW GG SLB LNKD UA V XLE ABX SODA AU MMM XOM TCK BTU ACOM WLT TIF COG UNP KO GLNG HAL RL E AMT UPS USO TAL DVN TRV COF WHR TITN MCD DD BTE DO C PANL APKT WUM BIIB RCL HON ROSE SU CDE PBR GOLD DIG UTX SI SAP ERX

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