I believe that the GSR will be your best guide. I think 1:40 is a consolidation point which would see us at $35 in the next 2-3 days. Would be a good place to load up.
Tends to bounce off 20 day moving average.Thats in USD. See thread When to buy silver by Peter If it goes below $37.5 USD ,i expect it to continue lower. Might start rising again from there for another run. Am waiting for it to reach there and am considering buying.
There is some support at the $37 to $38 range... but there is very strong support at the $31 mark. I projected a pull back several week back when it was trading in the high 20's before we hit the $40's. A pull back like we are seeing the last 2 days should be expected in this market.... I don't think we will EVER see $20's silver again.
Concur..Stabilise around the $40 mark then start heading North again. Won't take long as Silver is too cheap. This is a just a temporary pullback based on nothing in particular. IMHO.
This timing is looking pretty good. Hoping to buy a heap IF/when I get some fiat coming in. Sorry for those looking to see silver skyrocket right now.. she'll be back up in the coming months. Hopefully back up over $45 AU. I definitely think this is a very positive thing. Big Big moves only signify more manipulation. When we start to see that really solid move up, it will be an indication of people power. When mums and dads start buying an ounce at the post office when they pay their bills to secure the limited money they have free, we will see strong stable performance. The majority of stackers here are just really interested in getting a 'fair go' when it comes to the bucks they have worked their arse off to get. The governments of the world have ripped us off (us peasants and serfs), used our labour to increase their own capital and have told us to be grateful for the scraps they give us. Buy these metals and know they will and are your saviour long term. They will protect you. It's like investing in a really nice expensive woollen blanket.. it seems expensive at first, but will keep you warm for many winters in the future.. whereas the pretty but cheap blanket may provide short term comfort, but when you are struggling in the future during the cold nights when you need it most, it begins to show wear and doesn't provide the same comfort it used to. All these ups and downs are to scare the public. The manipulators do it deliberately to get you to think your pennies and paper money are worth more. Short term, yes they might appear that way. If you want to speculate, do so. There is money (fiat rubbish) to be made. Just like there is money to be made at the blackjack tables. The only thing I'll be doing in these short term dips is grabbing a few extra coins here and there.. with whatever monopoly money is left over, really. It makes you think you got a bargain when prices were a little more expensive in the previous short term. Prices may continue to fall. That's ok.. time for another little buy up bargain. No matter how hard they are shaking the tree, try not to be tempted to sell you metal. It's what they want. We all know the importance of having some in the coming perilous times. That will do for the morning rant. Hope everyone is having a fun day! I know I am Cheerio. PPSS
Buy these metals and know they will and are your saviour long term. They will protect you. It's like investing in a really nice expensive woollen blanket.. it seems expensive at first, but will keep you warm for many winters in the future.. whereas the pretty but cheap blanket may provide short term comfort, but when you are struggling in the future during the cold nights when you need it most, it begins to show wear and doesn't provide the same comfort it used to. I got some Tassie pure wool blankets from Waverly Woollen Mills. They have an outlet in Hobart. VERY old Tassie company getting hurt by the GFC. Bargin price, but keeps the money in Tassie. Told work mates, they also got them. Made AWESOME Xmas presents. Keeping many Taswegians warm @ night. Who has a pure wool blanket made in Oz?
Excellent explanation in the Schiff video of how USA exports its inflation around the world. And that's the basis of his bullish view on PMs
