Everything is in line for me. I don't buy a little here and a little there I buy 95% of my position and pick up the other 5% when a good purchase arrives. I now wait and very seldom watch the price but will sell when the times right and I'm expecting a good wait before I off load. I'm holding a fairly handy amount of Platypus's that I picked up when everyone was going silver crazy and I will unload them in the not to distant future.
Beware the false downwards move in the u.s. dollar. There is no other home capable of absorbing the capital fleeing the Europe crisis which, by the way is far from over, other than the u.s. dollar. The dollar will go to all time highs regardless of what people feel about it as a currency as it is the best of a terrible bunch. If there is a false move it will likely create a false up move in precious metals which would alleviate the current extreme position and set it up for the next and hopefully final down leg to the 1000 dollar mark. Patience is the key. I could be wrong but I am sticking with it even though my hands are itching to buy.
With the GSR dropping so fast all I'm waiting for now is a drop in the Dow gold ratio and I will be switching back to gold big time.
It's going up, now everyone is getting appetite to buy! I think it's the bad Japanese economy news that made is jump: http://www.bloomberg.com/news/2013-08-11/aussie-pares-gain-as-u-s-futures-drop-silver-gold-jump.html
I'm in the complete opposite position. I've been buying silver constantly since this dip started and now it's going up I'm stoked. No more silver! Woo hoo. I'm stacked to the rafters with it. I going to shift some silver and trade up to gold now.
Well... it jumped quite high, if you check the Kitco graph. Might have bottomed? Good too has higher highs, more peaks seen. Less and not that low dips.
If even 10% of that flow ends up going towards PM's we will see a big rise in PM prices as the flow increases. September is a nervous month financially for many reasons and this is when I will expect to see a rise in PM prices.
Seems you were right, just a week off, it's great for the big buyers they get a bit of relief but not so much for the beginners such as myself. But on the upside for me it's still much better than the $35ish per ounce when I first started buying
I should have bought more myself. I managed to purchase 1800 ounces when the price was around $22, but it kept falling. I'm just not very smart, can't time the market. Dollar cost averaged down to $23.01... overall, fairly happy. I wish I were smarter. .. maybe ill go back to school at 40
7am, Silver stabilizing around AU$23.50, gold still dropping (-AU$11.00). Silver to reach $24 by market close friday, still a good chance.
I actually fully expected a slight pull back at $25 as investers took a profit and than another strong rally shortly after . I will not stat the obvious about the price fluctuating through out the year, but if you are not holding most of your position as yet than I would highly recommend that you think about doing so.
Do you mean 'holding' in the "If you don't 'hold' it, you don't own it" sense of the word, Silvercross?
I also bought what I could buy. It's averaging down in a reasonable degree. The rest is just too risky, since for every ounce we buy, the short term money for nothing club buys 2-4 lol.
As I've added previously I buy 95% of my silver in one buy and as of the time I posted im making a tidy profit and I believe I've got a far way to go before I go KA CHING KA CHING.
It's looking as if it's going to break $26 than so on . If you never listened to me at $20 than this is the next jump up $26 and beyond so do not miss the second stage.
