You should be safe for about 2 weeks, that is when I will buy, we can expect a huge price drop then. Is there a time that is better for buying then another? I work graves and normally end up buying when I get into work just a couple houres after after the market has opened...everything seems good and then dives all night as soon as I pay...happened the last two .40-70cent drops. Maybe I should wait till the market closes for the weekend before buying...atleast my silver will be what I paid for a day before plummeting instead of minutes.
sorry i am new to this, i want to know why when some one buy 'bulk' the price actually drops and not go higher?
Best time to buy is usually at the end of the month just before the Gold / Silver options expiry. Last trade for june options is 27th of May. Buy late on 26th. That's why the prices always drop towards the end of the month .
Say you and I are in business. I have a stack of unallocated goods that I bought and you funded with your fiat money that you never actually had. Let's call ourselves bankers. You offer me $X for X amount at unders. I accept, deal gets done. Next offer in line is lower. We repeat, lowering the price even more. Public freaks out and starts selling lower than the next guy etc etc. Again, with our non existent funds we buy back in. Market settles back to pre panic mode and the kids get an AMG each.
Now, now Scrooged, that is not a helpful post. You have to understand that it is when the selling grinds to a halt, regardless of how you believe it is sold, this will mark the start of the next phase of the gold and silver bull market. In time you will see that no group controls the market cycle. Short term moves perhaps, but in the long run they are also at the mercy of the market.
Take a good look at previous yearly price movements in gold and you will notice that the 4 months after May don't seem to bring much joy. Not all the time of course but a little too often for me.
So instead of buying in 2 weeks it may be wiser to watch the price for a couple months to see where it goes and purchase around aug/sep. Seems like a good idea but I hate not having the silver I set my eyes on. Does it pick up again because of the holiday buying season. I notice sales in almost everything around this time slow.
Don't let my uneducated ramblings put you off buying. If you are only going to buy tens of ounces it is not going to make much difference at all. Even if silver was to pull back significantly you would only be saving a few dollars per ounce.if it was 10 ounces you are buying then you would only save $30. By the same token, even if silver skyrockets to $60 an ounce in a years time, then you are only going to make $400 on the same 10 ounces. I would be doing homework if you were buying 10's of kilograms.
If you are going on seasonality, I believe silver bottoms in mid July. Seasonality hasn't been working that well lately.
Yes seasonality is also fraught with dangers as it is at best a 50/50 proposal. Buying in a downtrend is also difficult, especially one that is several years old and has not yet reached the capitulation stage where a reversal is likely.
It hasn't I just like to ask a lot of questions. Yeah thats been my reasoning lately, I've only been buying in about 20 ounce incriments so its only a matter of 10-20 bucks that is jeapordized, shipping usually is responcible for more damage!
