Good God No! That is like taking a loan out to go to the casino ....just don't do it lol, well almost as bad anyway...
Good to see the answer is still no. It was a question a few were asking at $42, still seems crazy at $19
:lol: Ha ha! True: it's like going for a "wild night out" in Vegas. Don't do it. I suppose you were joking. If you have some cash of your own that you can risk, prolly a few hundred bucks would do it, don't force your luck. If you live well, I don't believe you'd take out a loan!
"after buying a couple thousand dollars worth of silver at $46 an ounce i decided to wait it out half a year to see if my silver investment has gone up so i can sell and make some profit, I just checked prices today and silver is at $29/oz , FML , why does god hate me" God probably doesn't hate you, but it looks like you give her a giggle. She is probably trying to teach you a few lessons. 1. Stop expecting prices to rise - they can go down as well. 2. Should you call Ag an investment? Or something else. 3. Setting a fixed time to see what happens? Hmmm, is this a good plan? 4. Posting that Ag is at $29 today says you are way out of touch - perhaps god is hinting you should keep up with things a bit closer. God might be trying to tell you that if you keep as loose a hold on your car and your girlfriend, then in the very near future you will be walking and taking life in your hands. Personally, I would listen to god for a short time. Gazza.
I'm seeing the parallel graphs similar to guitar strings, if you pluck at them they will respond predictably. Those plucking the strings have done well playing a tune from the various investments including metals. Silver swinging $18/$49/$18 in the past 3 or 4 years someone's plucking pretty dam hard there I'm just here to see how the tune breaks down when they start breaking strings.
Yep true. And according to the chart comparison we are headed all the way back down to $6. So if you believe that is going to happen, better sell now before your 30% loss becomes an 80% loss !!
Comparing those two charts is like seeing a face of the virgin Mary on a piece of toast. Yes it's there, but only by pure coincidence! Silver has industrial demand and mining costs that (in theory) will prevent it going to $6. The dot com bubble was based on cheap money flowing into dodgy companies/products.
Silver miners prefer to mine silver at a loss and hope the demand pick back up in the future. Silver could fall to those level. It is more costly to close a mine than to sustain loss at a certain amount of time. The timeframe i am talking about maybe months if not years.
That sounds like the same theory that was going to prevent it going sub-$30, sub-$26, sub-$22 and sub-$20. Keep an open mind. I am long phys too, but am accepting of many possibilities. While there are a lot of theories circulating, the only fact is price.
I keep an open mind. But not so much that my brain might fall out. Which is where sub $10 or $100+ silver predictions are.
I do keep an open mind but I'm certainly not making any financial decisions based on overlaying a Nasdaq chart with a silver chart. As I said, those that believe the predictive powers of the above chart should act and sell now before we get down to $6. Then we won't have have to listen to their endless whining if it does go lower from here. I guess you could overlay the Nasdaq chart with an oil chart and find some correlation as well - but the probability of oil going back down to $12 a barrel seems pretty remote to me.
It's not about graphs. It's about butterfly that moves its wings in Japan and earthquake starts in Europe....
100% agree with both of you. I'd never make a decision based on the given chart overlay .. pure fluke at best. I suppose I was trying to highlight that although the chart overlay predicted the price of silver multiple times better than any fundamental justification put forward for price rises, it is still being openly derided, while the same repetitive fundamental justifications are still being used and repeated. I know that is a mute point here, but it baffles me all the same.
You can predict the sound a guitar string will make when you pluck it by listening to what the other 5 sound like.... None of this helps predict what snapping a string will sound like.
From first post: So a bull trap would be more seductive than this current rally - $38 maybe. Enough for everyone to relax, and then the faint rumbling someone murmured a remark about turns out to be a catastrophic avalanche with horrendous human casualties!
