To me this is exactly the bleeding that we needed in silver price in order to go higher, much much higher
Glad you got the point I was making In 1983 the house was cheap compared to the silver 30 years later the house has gone up 10 times but the silver has (as of this moment) only doubled Which is cheap now ?
I entered long at 21+ $ and at 19+ $. Now it dipped to 18+ $. I wonder where the bottom will be! Technically - I thought it couldn't drop much further... maybe not below 18 $. But now... if it goes lower, then it can drop to 10 $!
Don't forget back then houses were a lot smaller, most had 3 bedrooms 1 bathroom 1 living area no study no garage, no central heating a lot less appliances, ect....
no matter how low it goes people always think it will go lower.. Same thing when its high ...its going higher Usually based on emotion Take emotion out and the mist clear For me its a clear buy it could go to $5 in a catastrophic financial event But eventually it will find fair value
SO... I was sound asleep when IGmarkets alerts start going off like christmas tree lights and burry eye I peer at the screen and... Oh $h!+ I really hope this is not prophetic as it scared me just a tad
We have only 1 oz physical silver left! Ok I said id buy at $18.00 silver about 6 months ago...did I really think it could go that low or lower! I thought it possible but not probable. So why am I not buying silver yet? Even with all the long term fundermentals pointing silvers way even more than gold. I'm still thinking the GSR has not peaked and I've got a good vibe on Gold. So the vibe could be emotional or something else! I'm thinking something else as I make the iceman look hot lol Enjoy your day, Physical Silver and Gold will have their day...that I know (-;
There is no logical reason to think that if we are bottoming out now, silver could very well be $30+ USD come November.
