I'm thinking the same thing and are considering buying some more silver now just in case it jumps for whatever reasons. Anyone with similar thoughts?
With shipping and other charges added in, I won't go past 23 USD per oz, so I am buying the dips until then. I was trying to keep my average under 21.50, but that ain't gonna happen now.
I have no idea if it's going up or down... All I worry about is if I'm going to buy some or sell some and for me that's an easier decision to get right.
I bet 39p that none of you have any idea what it will go to. Just guess with other words attached for decoration
I go back to my other post, "now is a golden time to buy silver." I wonder as to how long "they" can keep forcing down the price of silver? It bodes well for the stacker. I'm not yet ready for $25 silver. Still, if I'm wrong and it stagnates, I'll still have a shit load of silver.
Yep, the upside is far greater than the downside for the silver price. The downward economic and supply pressures acting on the silver price can't last indefinitely. But it could be a long wait before we see any serious price movement upwards.
As long as "they" have silver stocks for sale at the price. Might be an idea to refuse to pay the prices that they drove higher and to accept the prices that they drove lower. Costs them more silver stock when selling, and more dollar stock when buying. What the silver markets people need is some stable trend. A more predictable value. The less dollars that are given away at higher prices, the more dollars will be available at lower prices. Weaken the tops. Weaken the bottoms. In order to give away their place in the buying order, they need to convince enough people after them to sell too. So when you see again a depressing dark cloud above silverstackers.com, you'll know that time has arrived. And then it's quickquickdumpdump then some weeks poking 'round downwards from within the cloud, to then hurryhurrybuybuy back in. Anything new under the sun sunshine?
I think $25 next week, the way this war build up is going all hell may break loose. There is a proxy war going on at the moment......If you haven't noticed.
Wars are no match for a GFC! Math is fun. Lets use the 5% avg growth factor (the magic number). (this is rough done in 5secs in a spread sheet) 2007 17.00 2008 17.85 2009 18.74 2010 19.68 2011 20.66 2012 21.70 2013 22.78 2014 23.92 2015 25.12 Tweak it - YMMV. Practical (optimistic) long term outlook. Stability is actually healthly. Regards.
We could do the trick like some1 here did in his signature "by christmas". No year specified so lets make it now 2015. * Discussion starting over now!
US jobs month to month do not indicate incoming doom, therefore, $25 is nothing more than a dream. Yes I know the numbers are stated in such a way that they look letter than they should, but investors don't care about the spin talk and therefore neither should anyone looking to buy PMs. Until this situation is in such a bad way that mainstream news is talking about it then gold, and therefore silver, is stuck right where it should be. Basically need a proper reason to flee to gold, there isn't one at the moment. The problem with these large lulls of relative peace is that over time people forget about gold, you're seeing that now as it's losing its appeal as a safe haven.
But but but if economy picks up then industrials will place again familysized orders Industrial Fabrication [DEMAND] 2004 -608.9 2005 -637.1 2006 -645.2 2007 -656.7 2008 -651.3 2009 -540.2 2010 -643.2 2011 -624.8 2012 -589.1 (sum of components is 586.1?) 2013 -586.6 Look at how it collapsed! A Whole 60 Moz less. That's MORE than US Mint sells in an ENTIRE year! Just Imagine! That it would be demanded MORE instead of LESS! Just back to 2010! The price would EXPLODE! The $100 will pass like the KG50 passes when weighting the Moon! Disclosure: I work for SDlullion.
Industrial demand is steady, actually it's strong, but the investor is overpowering industrial demand at the moment. The low price is the result of investors not being able to decouple silver from gold, which is very sick.
Some buy silver only to swap to gold. And there, the central banks show them their last word. The returning silver peak > gold peak sequence forms a nice illustration of it. It looks like $20 is about to be sold away again. It's always the same recurring story, a couple high red candlesticks due to the sell hammering near a top, followed by the slower one at a time 'get outs' from others. I really wonder if they will buy back in again this time. Considering the very high total net futures position, it doesn't need much hesitating to slam throught $18 alike it was never a supported price. See, that last is also very typical, former downwards support lines end up as upwards resistance lines later, and vice versa. And what to think about the stock and price trend combination? The price dropped big time without stocks dropping too. A remarkable difference with gold. Without starting to visit manipulation and behind scenes stories, the remaining explanation is a pure demand drop reason. But which demand? Coin sales? Kept up. Bar sales? Kept up. Futures contracts? Averages as big as previous years. About coin sales, Mints produced and sold as much as before. Shouldn't that mean that dealers also sell as much as before? Can anyone confirm this? I see a mixed picture, very specific and local reasons, but I don't have a broad view on it.
