Hi guys how are you all doing? I have been checking out the forum for about 3 weeks now and I really like the info from you guys.... I have been stacking for about 2 years now and it has been a nice ride, I manage to sell a bit at $44 and bought some back at $32.... I would like to get some more for my girl friend and I. I have seen some people calling a potential $27 Per oz..... Short term, Would it be better to Hold on or buy now? Thanks
Yeah, I'd like to know too. Honestly though, I'll just keep on stacking either way. The price depends on how much I'll purchase haha. In my opinion, I think it's unlikely to hit $27/oz, but take that with a grain of salt. I am a newbie after all, haha!
Welcome to the Forum If you have been stacking for about 2 years than you should by now be 'experienced' and be able to answer that question yourself. Just keep buying
I reckon it'll head up slightly with the news of Greece failing once again. Their bonds are now literally junk pieces of paper with a Moody's rating of Caa1 which is equivalent to Cuba. Japan is in political turmoil, China has to bail out it's local provinces, Korea is slowing growth and lower exports. You know it's fun times when the US dollar rises because it's "not as bad as the other options out there". Silver may head down if we experience a deflationary collapse but in the long run Silver is a winner I reckon.
Thank you all for your replies. THUCYDIDES79 : I wish I could tell what happens with the price of silver in the short term... I guess I am getting better looking at the whole picture, but making short term calls I am still finding it difficult... I dont know how to do Technical analysis either, I think that could help.. So thats why I am here, wanting to learn. I agree with you keep on stacking. Fishball: Thank you for sharing your views... I am not sure if I read this from you or some else that: We could see a deflationary event followed by a steep inflationary counter event. P.S http://twitter.com/#!/bullionmark "Breakout in AUD gold confirmed after re test of $1430 resistance. Target $1625 then $1950. GS ratio back to 60? Could mean $27"
Its got nothing to do with this weeks price or next months. The point is you wont be able to buy it at any price soon physical and then you and alot of others will understand. By the way welcome.
My intuition says that we will definitely see 20's this year. Oh but having read Butch's post yeah even if it does go that low, good luck getting any silver at those prices. Probably better just grab onto silver when you can...
I reckon it will slowly head up to $40-41 US heading up to end of June...then things will take a dive for the rest of the year as in down to low $30s...then spring back end of year and early into next year....itll take off...along with Gold Just my guess Watching TV tonight, i saw the share market copped a hiding .... and they also had a story on the Gold Rush (gold fossicking)...little hints in the mainstream media GM
Buying as fiat allows. Even using the last remaining dollars in my Paypal account to buy pre-decimal on the eBays
It probably won't come out officially. I doubt Helicopter Ben will announce it as "the quantitive easing we had to have". We'll just need to be on the look out for signs of a re-branded QE. Maybe they'll call it something else, like Debt Waiver, Asset Relief or other non-indictive name as usual. Or they might just not say anything about it and some digging will be needed to uncover it. My tin foil hat says it will happen in July or August at the latest. It will only be so long until the withdrawal symptoms start coming out, and June - July will test the addiction levels. Considering I believe GFC2 will occur before or on mid-July, I would predict that QE3 may be launched as a hopeless attempt to prevent GFC2 at the start of July. 2 weeks and the game will be up, kinda like how the US bank bail-out in 2008 only kicked up the markets for 1 or 2 weeks before the effects wore off.
But thats for sure, I bought last night few kgs.... I will call it the swifteagle indicator, when he buys Silver tanks, when he sell it goes up... hahahha Actually my gut was telling me to wait till today.. But my head didnt listen.
I'm still trying to figure out why silver tanked myself. I think it's because Moody's said BOA/Citigroup are less risky than originally thought or something and are gonna re rate them making the US look stronger...but then USD is still at 1.07 area... Anybody else know why it tanked like 1 dollar in an hour (no conspiracy theories please!)?
