An asset falling in price every single day for 14 trading days in a row is most certainly exciting -- if not unprecedented! Heck, even the shares of a company that files for Chapter 11 bankruptcy usually has at least 1 "up day" thrown in there somewhere..
Stagnant is looking pretty good about now, sideways from 18 months ago is about $20usd or about $28aud.
Well I got more than a few ounces this morning, so it looks like I have done okay thus far. USD falling and AUD/Metals both gaining. AUD gains are tempering the metal rises. It will be very interesting to see if the gains hold during the COMEX hours. We may be seeing the bottom of the whipsaw and go back up to test the downtrend line.
$28 AUD? Closer to $22 Checking the price of silver and the AUD from the date I made that comment (2014-04-12) is quite interesting. Actually a bit depressing really: Longer term for perspective:
Hello all, I'm a newbie in precious metals purchasing and I was wondering with the recent price dips in silver is it smarter to buy now or hold out? With all of the current events in the world news, what is the predicted outcome?
Down, then up, down some more, down, down again, up, up, up, up and away, oops down some more... That is about all there is to say about silver.
I'd say if you don't currently have any silver, now seem to me like a reasonable time to make your first buy.. and then wait and see what happens. who knows, we could see $10usd... you will find a lot of people making predictions, and a lot of people being wrong. sometimes someone might get it right. lucky guess? keep in mind my advice is more or less useless as i thought $27(mid 2012) was a good time to get in .. then continued buying up to 32. and most of the way down. before i cut some losses and sold roughly half my stack at about $23us. I've recently started making small buys again. you can look at the charts, follow the news. what I've learned, when it comes to the price of silver. nothing makes any sense. (to an uneducated dunce like me anyway) good luck!
