It would be more interesting to see how many big macs a person could buy after tax and housing costs.
We'll see what the Fed and the EU Parliament and Germany decide. Watch news about QE tapering and the fate of the euro, eurozone, Greek bailout.
Yea haha. If the price goes down, it's like those that sell silver didn't buy it first and thus didn't drive the price up earlier. It's quite simple: silver goes where general inflation goes. The rest is just a bunch temporary stories where some pay too much and others run away with their dollars and purchasing power. I'll continue stacking everytime the Comex side dumped most of their positions. I made a big error in 2011 to buy when they had a 40K position. Later on I only bought at 10-20K position and even that was fail since the last time they dumped to 4K. And I hold. No sell high buy back in low for me. That's just risking a second error. From 2009 till early 2011 the Comex side held 2 full years a 50K position. One that wanted to purchase silver should thus have waited 2 years. That's a risky story in a banking environment where they may decide to let the depositors pay a part ofbank bailouts. Imagine you had 200K on a bank account and you lose 100K due to such joke, that's like purchasing silver at a doubled price. I hope the US Mint sells nothing till the Comex side dumped their position again. For gold, seems to be the case lol. So far worst sales month ever. It's so low that it's like they went on vacation without telling people haha.
Pirocco, "And I hold. No sell high buy back in low for me. That's just risking a second error. From 2009 till early 2011 the Comex side held 2 full years a 50K position. One that wanted to purchase silver should thus have waited 2 years. That's a risky story in a banking environment where they may decide to let the depositors pay a part ofbank bailouts. Imagine you had 200K on a bank account and you lose 100K due to such joke, that's like purchasing silver at a doubled price." Can you parse that out for me a bit more? I am aware that they are planning to pinch our deposits a-la Cyprus in the next couple of years or so and so have just today started my PM stash. I assume you are saying that such a move by the government/banks would be good for PM prices? Cheers
If it does hit 30 will it still be side ways in your interpretation CJ?? What would we have to see for it to be out of this sideways poo hop?? In your opinion ..
So a test / breaking 26usd would be into an uptrend?? That is the last real resistance before the high 20's and would get us out of the low/mid 20's.. i haven't made a call on here yet.. start with a small one.. silver will test 26usd Small resistance then break In the next 5 Trading days.. Nothing outlandish. Lets see if i'm right
Silver seems to be hovering around AU$26.70 this morning here. It may even pull back to AU$25 (consolidate) before going up again. It will be a bumpy ride but I still think the bus will reach 'Destination $30' by (turbulent) mid Sept.
So you were waiting to buy (when it was rising). Now you are waiting because it is correcting. So, I guess you will still be waiting when it is rising or falling next week? Have I got the strategy correct? Maybe you shouldn't have waited when it was under 20 bucks. Gazza
