For over 2 years, it appears silver has gone nowhere, despite all the money printing. Money printing/inflation is pretty much the whole silver story and it hasn't been doing us much good for quite some time. A total loss of faith of the currency is another part of it, but I don't think we would even want to go there. Now some could say $28 today is the new low, and $28 silver 2 years ago was during an overbought period? I don't know. I have mixed thoughts and honestly don't feel like I know what Silver will do anymore. It's a scary position to be in (if you have too much of your wealth invested in silver). $28 silver doesn't worry me, but feeling this unsure does :/ Would like to know whats going through your minds lately?
This is exactly what the manipulators want. This is what gets physical out of weak hands and into theirs.
I don't see how making it cheaper will make people sell, for me it would make it more affordable and practical to buy what I want. Manipulators would be traders and I don't think they care to much about physical, the just want to make a buck, I don't think they actually care about pm's
What you expected to see after a price tripling? Continue to the moon, without other prices following? Silver, the hedge against inflation but the inflation result, general price increasings, so far being much smaller? Back in 2011, I was very aware that the silver price had been $10 in 2008 and $5 upto 2003. To compensate for this late arrival, I decided to stack carefully, picking out the moments that most shorter term profitseekers dumped and others hesitate to buy. So my thought on silver at this point is the very same as back in 2011. Silver isnt my get rich scheme. Silver isn't my solution for all. Silver is my saving job, and by doing my best, I hope to end up better than a bank account had been. Today another quarter kilo silver arrived (as 90% junk). Someone sold most to me at 16 per coin, while my target and average is 18. The 6 kilo silver I bought in the past weeks, was at 820 euro per kilo. That's 8% lower than my total stacks average. The dip in january-early feb 2011. The dip start may 2011. The second dip week 2 may 2011 The dip begin october 2011 The dip end december 2011 May, juni, juli 2012. February 2013. My thoughts on silver at those points? Yes, my thoughts on silver were at those points. Between those points, I hadnt any thoughts on silver, heh. For the rest, the silver related things happen beyond my power. I don't control who is buying or selling. All I can do is my best. See it like this: all those that have the guts to buy now, they all do WAY better than those that had the guts at the $30-35 during the passed months. Remember the US Mint mega sales to primary dealers? If one can assume (I don't know) that primary dealers buy on same moments stackers order? All that positivism then. Alot people buy! Silver shortage imminent! Well, we all now know that that positivism was a plain wrong attitude. Why didnt we see negativism at $32? Why didnt we see negativism at $35? Why didnt we see negativism at $37? Why didnt we see negativism at $38? Why didnt we see negativism at $43? Why didnt we see negativism at $50? On EVERY of those moments, negativism had been the correct attitude. Yet, it wasnt there. And now the polarity has again changed. Negativism, on a $28 moment. All those that stack silver, how can you feel negative when seeing lower prices? I thought people that want to buy stuff LIKE seeing lower prices? I don't sit ready to sell. I never sat ready to sell. I just took abit more care when buying, so that I can sit ready to buy at lower prices. And that's the problem. Too many bought at prices driven up by frontrunners that never intended to keep the silver. Don't. Then you feel good when seeing lower prices. Because you can take advantage of them. It's as simple as that.
The beauty of holding physical metal is that you personally decide when to buy,sell & hold the stuff,you are the one who calls the shots. Doesnt matter if its $21 an ounce or $50. - in other words,you only lose/make money when you decide to sell.Your metal whether its sitting in a vault,safe,underground or underwater doesnt pay attention to spot prices it,comes purely down to the trader in the end. Take the emotion & fear out of holding onto silver & just put it somewhere out of sight in the meantime & act surprised later when its value increases
I'm excited about silver. Personally I told myself I'd give it 8-10 years so I'm not sweating about it at all
keep it simple in my almost 30 years trading I can vouch that the masses sell on the way down and buy on the way up. that's because to them value=price in $. why would they keep something that is losing value? all I know ten years ago they use to basically give you the stuff (Ag)... now it's only dirt cheap! it's a no brainer if you're paying attention. ten years ago i knew that was a massive Bull Market. Now we're half-way on the wall of worries. In ten years I'll dump it like there's no tomorrow. On to the next show. No emotions involved. Ignore the noise, specially the price noise. Gold is different. Gold is wealth.
Thoughts! It's times like these you need spare black powder for an over-sold pm market. For me I see consolidation in precious metals and a stock market that is on the verge of correcting strongly. My plan is to add silver not sell. For platinum, I'll wait for the stock market to correct..."maybe"
+1 from me. Here's a test for you. Put some up for sale at Spot + 2 - 10%. Start worrying if people *don't* buy Traders trade. Stackers stack and let the market come to them.
If you keep measuring your stack in $ and not oz of hedge than you missed the point of investing. Sorry to be cold but it surprises me the number of 'stackers' looking for a short term flip to riches.
With the GSR at 55, keep stacking ya silver, steer clear of gold. Plat im not so sure about....anyone got any future plat predictions?
To stir the pot figuratively speaking , the end game for Ag will be preceding an Au rush. I've described it before as 'canary in the mine'. New stackers will hit Audio over Ag everytime just as jo blow will take $ over metal. Not saying this is happening now but the goal posts are shifting month after month. Made my strategic plan years ago and have kept to it. To date has outperformed other investment classes. No complaints. Just decide your investment horizonthen reevaluate
Plat could take a hit if we see a decent stock market correction but...there's so many problems (See link) over in Africa that supply could make platinum a very good metal to have. I'm buying as a long term hedge because I truly think platinum has excellent potential for the future. http://commodityhq.com/2012/what-south-africa-means-to-the-platinum-market/