Just heard on the news that the commodity prices dropped because of the floods and that once the floods clear the the prices shall go up again. So here is your chance to buy.
Phewww taking one hell of a hit right now. What are those beeping sounds, sounds like trucks reversing..
JP Morgan and Co have gone out to the top rope, going for broke... 'DIE YOU BASTARD! DIEEEEEEE!!!!!!!' But Silver is just savers, united, never to be defeated? MUHAHAHAHAHA!!!
man its one hell of a contraction, who said that investing in silver wasn't volatile. im looking at buying more silver if anyone is getting the shakes
Here's the 10 year chart to calm your nerves buddy... Silver is like a roller coaster, but the long range trend is so obvious, once you've been stacking a while you just sit back and enjoy the ride!
My little toe is twitchin' again, I reckon we'll be in the 28's by morning, and on the long run to US$19 by March.
I really wish I knew how you worked that one out ? So I guess with the drop a lot are selling to take some profits ? More on the market = lower prices Y/N At what point will it not reset that is the question I think most of us (and the rest of the world) are trying to work out, I believe most are here for the long run but each bit helps and we don't like buying at $30 Tuesday only to see a few days later at $25 ? Of course we don't like it the other way round either so I suppose no win either way ! I am happy to take $19 hope you are right
Those that have actual "in-hand" physical are not the ones selling. It takes a week in most cases to unload your physical...or at least, it is not an impulse sale. There are two deals going on here...one electronic and the actual physical, they sort of track each other but in many ways they are diverging. The electronic trades are more volatile in moving up and down and generally trade at less value than the actual "hold in the hand" physical. Bullion dealers charge their commissions etc and if you are buying on eBay you will be hard pressed to find a generic silver round .999 for less than 35 or 36 dollars...this should be considered the true price.
Ferret Entrails...just like everybody else. The $19 figure came about from some (clearly p!ssweak) technical analysis I attempted in November based on an emerging 'Shoulder & Head' formation. It didn't eventuate and the chart prices kept steadily rising. All the major mints are at capacity, JP Morgan looks like abandoning paper Silver, Ben Bernnanke is rumoured to be jumping ship, and no-one is selling their stacks even at a healthy premium... I don't think the chart price is truly indicative anymore!
+1 to this! I have a LONG way to go on my stack! CRASH AND BURN BABY! GO JP!!!! GOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!
