Fantastic news, Silver has held below $18. This will help to confirm the down trend, and will give increased ammunition to the shorters who follow charts. As I have been saying ever since I joined this forum, patience is still required. The season to buy silver is not yet upon us. Plenty of people are underwater on their holdings, and even better the 'dollar average' downwards players are so badly damaged that they are out of the party. So stay alert, but do not plunge, there will be time to go heavy, but not yet, time and pricing is our friend now
Couple things. First, silver hasn't held below 18 for a long time, doesn't mean it can't. At this point for me,I'd say it's 50\50 if it will dip below 18 or not. Also, there are some of us that have not stopped buying, and for us that haven't, any price below $20 is a dream. It was once thought that anything less than $30 was pretty good. So to the serious stacker, these days are sweeeet Keep buying all the way down...
The reason to stack silver is directly proportional to your warning to stay alert. Your comment re plunge and go heavy would indicate a large purchase when the time is right. At this time, if during a failing economy, think Cyprus, will your money still be available to you?
You'd obviously love to think so, but you should try to not confuse your presumptions with reality and not go spouting your dreams as if they were fact. A lot of physical stackers are still plugging along, buying their regular budgeted amounts despite the pronouncements to the contrary from people who keep telling us we're not doing what we are in fact doing. Also... Like countless others, I've been watching the charts and I haven't seen silver even get down to $18.50 USD yet, so please revisit whatever research caused you to proclaim that silver has held below $18. I believe that conclusion is also flawed.
+1 I was like w..w..what??? and had to check that it had broken support at that important 18.21 and was hoping for cheaper silver as it should have fallen through the floor. Sadly the OP was totally false.
Let's see. Wait for it to bottom out at some point below $15, like $10 maybe. Let it sit there for a few weeks to allow the premiums to settle down, then spend all of the fiat I have bee stockpiling for the last - ten years - to buy silver. Or maybe it will happen sooner? What do you know, that I do not? What a plan. Buy on the way down. Now that I like. Any sub $20 too good to pass up. Like that too.
and another 3 months of patience as been well rewarded. Hope not too many have been listening to the perpetual 'its down, load up the truck'. Prices still have significantly faller to drop. We are nicely entering the GRINDING bear stage after that nice panic stage from which never in the course of mankind has so many lost so much for listening to people who are so stupid.
Pirocco - "I keep buying all the way down. Then I don't have to buy all the way up. big_smile" That's exactly how I look at it. Chasing it down now will help me to resist the urge to chase it up later. I've only been stacking for a year but I almost bought in back when the price was $40 and rising out of control. Thankfully, other issues kept me from doing that. But I look back and hope I learned from it.
The dollar/euro are clearly closing in on multiyear high/lows, so I think my next purchase is close. Tomorrow evening I'll have another snapshot of the futures hedge. I hope no upspike by then. Not that it matters much, I could buy 4 or 5 kilocoins (I'll chose horses). The new Maple Leaf design is tempting but I see a high risk on tarnish/milkspot uglyness and that holds me off for now.
Almost the same, started buying after the aftermath of the $40 frenzy and $1,900 gold. I look at where I'd be now if I'd jumped in then... Not a happy camper that's for sure. Nice way of justifying buying while price is dropping Pirocco. Makes illogical sense
Faller sounds really bad. How does faller rank in comparison to further, much further, much much further and look out below?
