Ok, I'm not sure which thread is best to ask this since everyone is in negativity panic anger super mega monkey poo throwing mode but here it goes..... I've seen a sustained INCREDIBLE demand for physical silver. LCSs can't stay stocked, online shops are back ordered, the US mint was back ordered. The economy is still in the toilet as to unemployment and pretty much every factor except the Dow. The Fed's quantitative easing seems to be making people feel better but other than that..... What is actually making spot fall like a senior citizen with a broken hip? What is the actual explanation? I considered people were panicking, maybe saw people jumping on alternatives like bitcoin and then when they get burned they think, "ok maybe alternative = stupid, i'll stick to the paper I know so I don't get dumped on like those ponzi fools" (no offense intended to anyone who went from millionaire to thousandaire overnight, just pitching a hypothetical person's thinking). It can't be that simple. Anyone have a real thought on this other than "hyuk, silver is speculative/volatile, hyuk hyuk" or "people are stupid, fiat is stupid, I hope spot goes to -$10 so people pay me money to keep stacking!!!"?
This is a complete capitulation. If you wish to pick a level here good luck. I think we could see a visit/test to the weekly break out around the $18 mark over the coming weeks. The technical damage done here is horrific make no mistake about it.
newyork hasn't even come online.... that's going to be fun. Crimex would not let this opportunity go unpunished
Just think of all that physical getting sucked up into intelligence...you guys have so much e serious rocks hanging to keep your wallets in the back pocket! See you on the other side
I havent bought anything for around 2 years now . Last year i was thinking gold was the dog now its taken a turn & gold is what im in front on ..im in the red a flyshit overall i think . Still not happy to see the value of it all turn south though.
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2013/4/14_Dr._Paul_Craig_Roberts.html I have no opinion on this
This could be the end of paper metals which will do incredible things to the price of physical. The issue from this point is availability of physical. At this price give it a week and watch the chaos.
It would be a fair gamble but unless your willing to sit on it if worst comes to worst I probably wouldn't do it
Im all for a further smack down, but after a big drop I'm use to seein some sort of a correction, where is it? ......hopefully it wont bounce back too much
Once the elite have bought their physical then and only then will you see a bounceback. By then good luck on sourcing any physical.
This is crazy, I havn't see prices this low since stacking. If you look to the left: <----- when I first created this account. It was the first time I purchased. I clearly remember it being $22.80 AUD per oz. To be lower than this, I'm definitely in the red now . Something is not right here, I feel something is way different this time. I wonder if the game is up and everyone is dumping paper left right and center. Since they know it cannot be fulfilled by physical. Time will tell. Buckle up people, I'm definitely not selling anything. Slam
Ive been out of metals for a long time. And i couldent resist this opporunity I'll be eating mi goreng for the rest of the month.
Really lucky you are. I started when it was on its peak, went full on, no regrets ( yes a little bit) since I am happy for the newcomers. At least I will have a bedtime story to tell my grandchildren. Keep on stacking!!
Imho if it come $20 put 50% buy. Then if goes $15 put another 150% buy. That way win win situation. Think of cost average. If it bounce at least you got some. If tank further might have to find more fiat. Start printing your own. Lol. Get an ink jet printer start pumping your dollar.
