During the last 2 days the price of silver is again on many occasions going up in a straight line. Maybe another rush if it gets past $40 then down she goes and the profit takers move in and down...down..down she goes. But what happens the time it keeps going past 40....45....50 will you have the nerve to keep buying between $45 AND $50 ????? I don't know what I'll do if there is a next time but it sure is exciting. What are your plans for such a scenario? Regards Errol43
I'd move my speculative stash back into fiat or Gold as it moves up to 40-45... I'd keep my core stash (which isn't that big anyway) though. I would probably hold out from buying more until I can find a good bargain or I see something I really want (PROOF DRAGONSSS 2012!!!!!!!!?????)
Hi Errol43 Exciting times indeed! I reckon it will track up to low 40s and lose some steam... the things that could really push it up is this Euro thing goes bananas and possibly as we get closer to end of QE3. I bought a bunch at 45 so at the moment averaging down... Had a chance to buy some 10oz bars at $350ish too a few days ago... sigh... Also, it's easy for me - I'm outta cash to buy any substantial ounces!
I have a bit of profit taking to do at $52, just missed out last time. Once I clear the initial investment amount I don't mind it it goes up or down because it will be more or less profit either way. If it then drops I will buy some more and just offset the cost against the future profit. If it goes up I will probably not buy any more and just slowly sell off the rest of the stack until it is all gone, might keep the Liberty Dollar rounds and a few numismatic items but not much. I will haunt the forums tormenting myself that I sold too soon, then when it crashes a few years later I will congratulate myself and start all over again. That's if I can get my act together to get around to advertising and selling the silver in the first place. I got excited when it first hit the low 20s a year or so back , 25% profit, took a few pictures but never got around to putting them on eBay.
Seems like there are mostly traders on this thread! anybody else here who just keeps buying at any price?
I would definitely not buy at any price, buy on the big dips, both gold and silver. If i see a parabolic move like last time again ill consider selling some of my silver bit by bit as the price moves up with the intention to buy in again if it dips
Buy when it was alot cheaper and/or buy in bulk to cut down the premiums. If you got in while the price was in the $20's (or lower) I'd say you've made a nice profit.
Ok, I should post to diversify here I'm sure there are still some stackers lurking that buy at any price. If there's a steady stream of funds to stack to da moon then I think it's all good Of course, my belief that GFC2 is happening soon means I'm concerned about income stability during the crisis, so I'd rather hold. If I'm wrong and the GFC2 doesn't happen around mid-July, then I'll be holding a stack of fait I can spend on a dip, but I'll be worried about how far down the road the can got kicked @_@
Well sub-$20 was ages ago ... does that mean that henceforth you merely take profits aka sell off your silver? most of the people on this forum appear to have become cheerleaders for trading paper silver. trading physical would be just plain stupid because of the large spreads. and if you're counting on big dips coming with any sort of regularity i reckon you're going to be sorely disappointed
Not in an investors mind it wasn't - and yes I will be selling off a lot of my silver (not all) at some point for a price I believe to be reasonable (and close to "the top" as I guess it to be). I never count on "big dips" in any form of investment I analyze the investment, run the numbers, calculate the risks as best I can and if I see more positives than negatives throw it in the "potential investment pile" I then compare all the investments in the pile and the one with the biggest pro vs cons ratio is the winner of the investment of the day/week/month/year contest for me.
Bought on the way up (came in high 20s) and bought on the way down (loved the dip ) Not as concerned about fiat prices so much as total ounces...
I think busting the high 40s wil lbe the hard point. As everyone comes down with deja vu and wants to sell.. Just hang in there guys
I'm too lazy to sell, it involves me picking it up, taking it all the way to wherever it is they buy it, and then selling it and filling out a form. seems like the perfect investment for me, stops me panic selling when it dips, because it involves effort. with the stockmarket i can just click it away.
I anticipate resistance from $38-40. If we break back into the mid to high 40's I think we will see a lot of people unloading what they purchased when silver was up there before and they though it could only move higher. $50 will be a major resistance level for a long time unless something dramatic happens to push PMs higher. Mid to high 40's I am swapping into gold and/or selling excess high premium bullion items from my stack to purchase generic bars on the dips that will follow.
