Look at this: http://www.kitco.com/market/LFrate.html The monthly silver lease rate is sitting at -0.355% and falling. Turd Ferguson has made the observation that twice last year when the lease rate has fallen below -0.4%, a smackdown occurred within a week. If you look at silver's sideways movement (slightly to the downside) recently, my limited experience has shown silver is more likely to dive down than up. Only question is how far down it's going to go this time. It seems to confirm my theory: 1) In the absence of any interference, the deflationary pressures in the world economy wants to push teh price of silver down 2) Only with government or central bank intervention will we get a rise in silver prices (eg. ZIRP or QE announcements) ^ This of course, doesn't take organised smackdowns into account. But I would be interested to see if the -0.4% lease rate theory will come true this time.
Sounds to me like the circumstances you're describing aren't 'unforeseen' then - more out of your immediate control? Does that mean you were buying into the $40's & up in 2011?
No ! Unforeseen , like loosing my job, and crashing property prices I suppose you could say these are out of my immediate control , I prefer to say running out of options. I bought in at around 36 - 42 . BTW
I believe we still have a while yet until we all get the rise in POS we all want. Saving the cash and will buy in each time it dips under $30
just watching the charts. The losers that manipulate it are getting complacent. if you watch it enough you will see it do a chicken dance up and down and plummet $1 or more. a drop is on right now, so good timing from them, i didnt notice.. i see nothing.
yess finally for once i waited it out , knowing my luck though I will wait for $26 and it will go back to $35 before i buy
I'd rather see consistent movement and trade on the trend until the bend at the end. I've made profits that way. O_O
