so...are people still buying? are prices expected to drop in march when the comex contracts expires ( i dont really know what im talking about, just quoting what i've read )
Fibernachi models suggest $35 is the next resistance point but if everything was so certain then there'd be no risk!
Previous recent rallies would have $35 as the high point but like Matt said nothing is certain. I am assuming it will continue to test the resistance levels every so often. So i do expect there to be another dip but it'll be above the last $26.50. Probably closer to $29-$30. I'll buy all i can on that dip and pray for another opportunity. Hopefully silver isn't ready to hit $50 this round.
I want an olympic sized swimming pool of silver. ie All your silver are belong to us. There is no upper limit. I want every ounce I can get. But I did have an immiedate goal in mind of 1000oz. I've been stacking a year now with ups and downs and now stare at a mere 150 oz in silver, 1 oz in Gold. With the way metals are moving now, I think I need to revise my goals to something more realistic.
Its interesting that silver really has been the standout performer. Gold has performed, but not nearly as much as I would have thought when looking at silver. The GSR keeps shrinking (now at 43), demand/interest in silver keeps rising. The debate about whether silver is still considered a monetary safehaven against inflation seems almost void. The poor mans gold is really killin it. Congrats to all who are in silver!
Holy crap,just when im ready to get more! ...is there anyone out there who thinks it will drop a few cents like last time...and reasons why? Guys what do you thinks the major reason it's jumped in the last coupla days? GM
Poor mans' gold? Or industrial commodity investment of a lifetime? Interest in silver isn't just because it's under valued by the market manipulators, but because people see it for it's industrial use and as a commodity. People can stare down gold as an inert lump with no function and to some degree have a point. But Silver... like oil... like copper... has USE and it's growing VERY fast. This wakes up the investors like no tomorrow, especially when the stats on availability come to light.
Yep. I started as an aurophile, but have ended up an ardent argentophile. I have never, nor ever desired to carry around or wear gold; but since I've known silver it is my constant companion. I wear it, carry it, drink it and wash in it every single day. Absolutely love the stuff. I wish I'd known her sooner.
#3 definitely , when i started stacking i thought 200 oz would be good , then i got to 500 oz , now i am thinking i will be content when i get to 1000 oz .but if and when i get there i probably wont , keep on stackin
Ive stopped buying my monthly quota of PM due to having to save for other stuff, however I can still spend around 200-500 depending if I have left over fiat etc. Come July I am back in the game, but I do suspect though that by this time we could be looking at a price anywhere between 35-45aud LOL, worst case scenario 1500aud for a kg lol. The good thing is that I have now convinced my sister who lives in the UK to finally jump on board the metals (after nagging her for 2 years) shes finally come to her senses, I am now buying PM on her behalf haha.
mmm, i'm definitely a 3. But, i do have a goal. I'm intending to swap my stack for the equivalent of $200,000 in fiat and a block of land. Don't even bother looking at how many oz's that will take at todays prices. I expect our friend Silver to look after us all. We've been faithful, only said good words about her, and love her with all our heart. How can she not respond with +$1000/oz prices. THat's in my plan too, +$1000/oz. I'd even go as far to say silver overtake the price of gold. Purely on fundamentals. I'm planning on it taking 1-5 years, maybe selling at or near peaks here and there, buying in dips etc. I don't see PMs suffering too much over the coming years with fiat being so unstable and unpredictable. Am having afternoon tea this weekend with a Chinese gentleman, whom i've heard "can only talk about money". Looking forward to some interesting conversation.
OMFG, I turn on my PC and I look at the silver price and then I.... [youtube]http://www.youtube.com/watch?v=VLnWf1sQkjY[/youtube] WARNING: PG+ Sexual References
If its not too much an inconvenience for you, could you post a screen shot of the Fibonachi extension levels? I don't have any charting software for silver spot prices.
