[img=w]http://finviz.com/fut_chart.ashx?t=SI&cot=084691&p=h1[/img] Since 17 october the bulls threw their victims in the air and then tthe bulls shapeshifted to bears pushing their victims back down. They frontrun back in, then they frontrun back out. Green and red high candlesticks. Best is to suspend stacking in that air stage. Averaging down from $30 goes abit faster then.
You need to get a different perspective, watch the GSR (should simulate your instincts), don't get distracted by price and just take smaller bites.
Thanks for the tip. I have seen quite a few people on here trading the GSR around 60. Seems silvers above currently making it another sign a buy around here is probably a good idea.
join the bloody club I haven't had a good trick for years and that's no joking personally I think this SHTF story I took hook line and 10oz sinker and although I've learnt a lot of interesting things via this forum/threads I see no end to the amount of corruption around the globe or should I say the amount of financial corruption and this kicking the can will go on indefinitely. So, all I can say you are not alone
No doubt shit will hit the fan but it could be 3 months - 5 years away. The clever manipulators have mostly been underestimated. The best we can do is play their game and try to accumulate more cheap physical while they muddle the minds of the masses.
hope you're right bigman ! I really hope you are otherwise WTF ! I listened to this strangely enough just today and even if you're not a Liverpool fan (which BTW I am ) it's still sends shivers up my back every time I hear. Most inspiring [youtube]http://www.youtube.com/watch?v=WfP2ABaKZIY[/youtube]
morning, 30/10/13 your post "Its about now that I have bought my last 3 large purchases...in a rising market. I bought at $33, it crashed to 18.50 I bought at $27, it crashed to 21.50. Its now nearing $24 and Im thinking of another buy...My cash reserves always seem to hit "buy time" right before the market takes a monster dip... The general sentiment seems bullish...so tempted to pull the trigger.." It seems to me that if you look at facts rather than your perception of general sentiment then you would get a clearer picture. You say that general sentiment seems bullish. You also seem to infer that you might think this date is a repeat of your previous times of a rising market. -----------However, the graph below tells a very different story. One, sentiment if you read the graph - which is a pretty good guide to REAL sentiment ---------------- is NOT bullish. Nor is it particularly bearish - it is just bumbling along. Two, no one could read that as a rising market ------------------- again, it is just bumbling along. Yes it has some higher highs, but it does not have higher lows. There are 'some' technical indicators to suggest a rise - but there are several that suggest not as well. It is bumbling. One can see that the rot stopped months back --------- but, around that Oct 30 time of your post - it definitely was NOT a rising market nor was real sentiment bullish. You also say "Its now nearing $24 and Im thinking of another buy." Well, if you look at the graph, that is not correct - on that day of post in US it was almost all day under $23 ------- so I assume you were working in Aussie dollars. Not a good way to look at things if one wants to get a grip on sentiment of the underlying resource. Yes, we buy and sell in Aussie - but, the price of the base commodity is in US - far more important to see which way Ag is going or gone. Foreign exchange just makes it more complex - and should be looked at additionally -------------------- additionally. So, what is going on? Personally I think you are listening to chat and possibly reading bullish writers. We all here believe in PM's, that is why we are here. Many of us believe that the world should have imploded and only us PM holders should be sitting square on our stacks looking over the smoking ruins whilst sipping Champers. Beware when you listen to our mumblings ------------- we are often bullish, we often have positive sentiment and we always have good hearts -------------- but, beware - we are often very bloody wrong. Perhaps when you get the urge to buy it might be a good idea to stop listening to us for a week or so and just watch the price ------------------ just watch. What you will see is fact - NOT opinion. You will see the 'real' sentiment ---------------- and if you look at the 'real' sentiment displayed on the chart around that 30 Oct - you cannot see a rising market and you cannot see bullish sentiment. I hope this helps, have a great day all Gazza
Your post is very informative, thankyou for the insight. I actually posted this the night of that little green runup which at that point in time felt bullish after he previous weeks runup of $1+...still I've held off, still waiting for $22.50
Silver has been sub $24 for about 8 months. The differences between some dips and your $22.50 are negligible. I have not had a more sustained period of buying in my 4 years of stacking.
@hihosilver shameful of me over 11 years in the UK and not one big football or rugby game at a stadium. Perhaps its well overdue but probably an All Blacks game for me. True story everytime I go watch them play at a pub they get beaten lol. And I get ribbed by the other punters....all in good fun.
The gold/silver Ratio chart looks pretty flat at the moment. Thats because gold and silver falling at the same rate so the ratio is not actually changing. The 50c drop in the past 2 days has my eyes open, I will be buying in again when Silver is AU$21.00 and below.
