Posted 29/12/11 Battered,Beaten and Burned but not shaken (only stirred - had to get that in ) 8 month drought :| but still happy to call my self an Ag Bull What about you? <Post carefully - might come back to haunt you >
I'm not feeling very bullish to be honest. Not panicking though. When you're already 100% in, its tough and you want to turn this drop into a positive by buying more, but on the other hand it makes you even more invested/vulnerable. Id be a lot happier if we where back to $40.
My position changes as the situation changes. Currently neither bull nor bear, not sure if there's a term for not being either.
people are still not selling below spots. discounted no price yet may b wait for a day or two, but there is no day or two, since its a new year. wait next month then
Today: short term bear (through the first quarter of 2012 at this stage), longer term bullish. Tommorow: Who knows - depends on sentiment. Doesn't matter what the market is doing - there are always bargains and rip offs. The bigger concern is can you tell the difference! (Same as real estate really). malachii
short-term bear/neutral, long-term bull if I had money to spend here I'd be buying. IR's still at rock bottom in most of the world and all the world's problems remain. My advice, stop looking at the price all the time. Just do it once or twice a week and then tune out. Watching it hoping it will move up is worse than watching grass grow.
Interesting? No Bull's - bar my own silly self Majority on the fence Most long term Bullish plus one Lamb to slaughter ? Neither here as Judge or Jury - just curious and thanks for the above's time and comments... Sorry...and a Gold chart which I think means bullish for Au
Hehe ... you need bulls (sic) that size to play in the current silver market I reckon! I'm still bullish for the long run, but I'm only in since November this year so what would I know ("backed up the small box" today for a bit more of each Ag & Au). As a "trading market" I wouldn't have the nerves ... but for long term security, and something to hand down when I'm gone? Silver & Gold still fit the bill ...
BULL! Plus I have a lot of Perth Mint stuff so even if silver tanks I still have $1 face value!!! How can you go wrong.
I am pretty much out of Silver for the moment even though the buy price is good. I have what I call a solid stack. Possible add another 100oz through 2012 but doubt anything more than that. I am not prepared to keep spending money in the one asset class ATM, the disclaimer is Gold to which I will be adding as much as possible this year. Bearish - Silver Bullish - Gold The SMSF will be Bullish on both though to get established holdings.
Silver and Gold to both finish higher at the end of next year than current price. Gold up 10-20%, Silver by 20-30%. I am talking physical prices and premiums, not paper trades.
