I was being very diplomatic stating sitting on one's thumbs. I failed to specifically mention where the thumbs were placed ! Just seeing the drop in PMs today I decided to jump in further to take the opportunity of low prices. Wonder if everyone else is doing the same though ?
Ive seen people on the interweb sitting on their thumbs....not a pretty sight, particularly if twiddling them at the time.
They will receive 1(IMF)+9(EU) billion euro in the first 3 years. So it will be quiet in the media until they finished spending it without helping to produce what they bought with it. And then knock knock who is again at the door? And be sure that that will happen sooner than the IMF/EU planners claimed. It's funny how they forecast growth 3 years ahead, and at the same time revise a year ago released growth figures by dozens of %. Their US buddies did the exact same. I remember in 2011 they revised the Q3 figure 3 times, october, november and december. It's just ridiculous.
i'm twiddling my thumbs patiently... maybe buying bits and pieces here and there... nothing substantial i think if it breaks $20 we might see some real excitement to the downside... until then, not gonna commit my cash to physical... i mean there's no guarantees that its coming... its just that there aren't any aggravating factors to the upside atm...
buying a few bucks either side of a 'bottom' (if you wanna call it that) isn't gonna make a huge difference in the end... lol yeh so what if you got $18 instead of $21 if you're in the game for $100+ silver? short term fluctuations occur but you really have to assess whether its worth the risk to wait... and come up with a strategy yourself... no need to follow others and then regret it in the furture
How nice to see a spike pointing upwards after purchasing the shiny stuff. Might be a blip as usually the price drops moments after ordering. Need to check my horrorscope.
Cyprus is old news for the mainstream media plus the Euro powers wouldn't like the media scaring too many people around the EU. Wouldn't want a run on the banks over there. Just let the propaganda run its course and everyone will start spending again...
Personally, I'm still waiting for the next opportunity. I believe and hope it will dip even below 20 $.
I myself have invested in about 105 oz of silver and am thankful for the information available on the forums but have kept wondering why are the Dealers selling all these silvers instead of keeping most of them for themselves knowing the collapse coming in the near future? Thanks in advance
Sorry, I only know about the price collapse which usually happens soon after I purchase goods. Im stacking btw, not sitting on my thumbs.
Your spot on. They have made it go away and no one remembers it, get all the talking heads saying everything is fine and then it must be... right? A run on ths banks in Cyprus cant happen from what I read, 60% loss on account with a further 30% tired up just in case they need to take it in future. They are deffinatly concerned that a run will occure in the wider EU and I think thats where this mark down in PMs comes from. So people dont want to keep money in bank, PMs are a bad choice, so that just leaves shares and bonds really... I wonder where the next bubble will pop...?
You can only mines while the power is available and trades also. What happens when there are blackout I mean power failures. ????
Dealers run a buisness. Im sure they stack when they can as an investment in their future buisness but like any, you need turn over to create profit. When supply dries up, I would think dealers would just buy back x above spot to fill orders and still keep a margin there for themselves. If there was no supply today and a dealer contacted some people and offered to buy back at $40/oz there would be sellers and then sold at $45/oz to buyers waiting. Still making a margin for profit. But while there is still supply, this wont happen.
