Buying strategies with the drop

I'm looking at buying a small amount each time the price drops $2 to cost average on the way down.

I figure if it drops to $10 I'm winning anyway because even though the price of my stack has been destroyed, I can buy at $10...

Once it starts to rise again I'll probably stop buying for a while...

I guess I'm convinced that anything below $35 represents exceedingly good value based on my limited experience

what is everyone else doing?

 

I bought a fair bit at 35 and now i'm waiting a bit more to buy more. I only spent around 20% of my fiat so meh still got a fair chunk for later on if it dips more.

I've been trying to buy stuff along the way but it's proving to be a bit hard to get stock anywhere, need to be fast with them fingers or lucky!

 

Part of that strategy is not being bothered about having to wait 2 months for delivery, buy now, expect dealer not to fold in the mean time and to deliver goods, (I've taken worse risks)

 

I've bought at 18 and I've bought at 47, and everywhere in between

Most recent significant purchase was 2 days ago @ 38

What a rollercoaster

I'm short of fiat for the next 2 weeks, but if silver is still < 35 I'll be buying again

I'm long term not short term

 

I read what your post about comex and I'm wondering if people have already factored that in, I'll be buying again on tuesday if it dips lower again..

 

I've bought yesterday, I've bought today.... not big buys but "buys"
And yes, I will most likely buy Tue-Wed

Just think in this manner.... when silver was over 40's and also at highs..... and ppl were starting to think, wow it's getting more and more expensive by the day....how can I keep on affording to accumulate it ?


Well, the answer is in front of you right now..... 30's never looked so sweet than before IMHO

 

That drop is meaningless to me I can't buy in it from a dealer only from other people, who, are probably not going to be selling...

 

cough hahahahah il say cough cough hahahah ferk

 

cough hahahahah il say cough cough hahahah ferk

 

Could be something else influencing the prices now such as Carlos Slim selling futures though.

Interesting to see this however, I had expected the Silver market to have at least semi-strong form market efficiency but if this is because of the May 9th COMEX margin adjustments then color me confused

 

My strategy is to constantly check the price while staying as angry as possible, for the next few days and watch the price go to hell.. : )

Told my mrs today that if it goes below $20 we are selling the house and buying metal..

i think she was actually going to hit me

-Stella, can you lend me some money? lol

 

Don't think it can be the comex ? gold is dropping in lockstep with it...

 

At 33.33, Silver is now down 33% since the high of 49.82.

 

: )

 

It seems to be holding better than the past few days, could be a sign of hitting some sort of bottom?

 

If some invoices get paid on Monday I'll be ready for some silver on Tuesday.

Gonna put some more pressure on the physical market