If we see $14 we'll see $0... $17 absolute min, even this best put $$ into lead, zinc and copper if ya know what I mean
A pity that this $26 didnt happen last wednesday, we'll only know next friday the situation on the futures market, and if the price would be higher again, that's never.
Gold is just dumped to under $1500. See, that's what happens when the Comex futures market players have a big amount positions. If they really thought the price was a bottom, and if they really wanted the metal, they would have bought it directly instead of in the future. Sooner or later, be sure that they gonna dump. It lasted abit longer for gold than for silver, but here it is.
USD $26.50 broken on silver. That was the line in the sand on the charts. Who knows how low from here. Uncharted territory.
Hi guys I'm new here and to stacking in general. What do you mean line in the sand on the charts? I don't need an explanation just point me in the right direction to research it myself. Considering I just learned what a bull and a beat is I'm as green add they come but more than willing to put in the effort to learn I just need a shove in the right direction.
Battered and bruised. Hi all, I sure everyone is feeling the pain at the moment. Silver is down and so is gold, but I do not have a sense of panic. I buy pm's for one reason and one reason only, to protect my future and my kids future. So they can hammer the price down, while they print , print, print. it just does not add up. Stay calm, buy physical whenever you can and be sure that nobody can take that away from you. The central bankers are now in control, the only thing that can upset these beasts are pm's.. I buy whenever I can, I take a minute amount of pm's out of the market place every time, but I'm sure there are lots of people like me/us doing the same. I feel like I am fighting the beast every time I buy pm's. So I will continue on this path whatever they throw at me.
Initial thoughts on the very low close this weekend - I guess it's possible silver may settle down now, maybe around $23 to $25, for a few years, with the odd hump or dip every few months. "To da moon!", if it's on the cards, would be such an industrial problem that demand would indeed have to be manic. I'd imagine there would be little value in those who short for profit staying interested much below $20. The way fiscal policy seems to be going, I have a suspicion that corporations like Wesfarmers, Woolworths, and anyone in the consumables market will have a great ride for a while. And, of course, I could be wrong. That's also been known to happen.
Hehehe.. I bought some silver in the 30's ...oh well ...maybe in time it'll at least break me even again. It's there just in case really and is not an 'investment' as such for me - just an emergency brake for when zombie times come. Silver has traditional been a wild ride so I guess I'm not surprised at recent movements. Gold is a worry...I always saw 1500 as a trigger for much lower prices. Maybe we'll see something closer to 1000.00 by year's end?...hard to say. If it keeps sliding I may jump into it , we'll see. I'll cruise the trade sites to see how much of the slide has been reflected in selling price.
Why do some people panic when PM's drop like they are now? Unless you intended to sell in the very near future, I don't see a reason to sweat it....the value will be going up again....maybe significantly by September.
Worry? not me.Besides the rolls of silver I've bought recently,I also pulled the trigger on some gold pandas.At $1530. I couldnt resist.
"Never" is virtually impossible considering the factors (reasons) that PM's have always been valued....nothing significant has changed with those factors and nothing will change in the foreseeable future that I am aware of.
Hey Mike, I'm sure that plenty of people (new and inexperienced, like myself) bought silver when it was over 40/oz. Unless one bet the house on silver in the past few years, this drop will be followed by an uptake. The macro trend is a rising trend though. I agree with Phiber that the price is all speculative on the day-to-day, but in the long term, the trend is steadily up from what I see on the historical charts.
Good news is I can get some cheap silver to replace the stuff that got lost in that dang boating accident
