Hey guys, relatively new to stacking and PM's in general, just wondering what your thoughts are on what the price of silver is doing at the moment. I have been watching the charts here on SS for a few weeks now and am struggling to make any correlation, well one i can make sense of anyway, between recent world events and the price movements over the previous weeks? regards
Hi mate, No correlation whatsoever seems to be the norm these days! Does your head in doesn't it? Many have said we are around a low, but in the end no one knows where it's heading. Really hard to give you any recommendation right now. Cost averaging is a decent bet in these times.
Hey, thanks for the reply, i had gathered as much from reading various topics here, but there must surely be something and/or someone that knows whats going on? i was planning on cost averaging but after reading about that it seem that many people seem to think that only works when the price is on the way down, which i also cant figure out. and yes it certainly does do your head in.
If it was a normal market without big interests driving things one way or the other, then maybe you could stand a chance of working it out. But it is not. There are players who can move the market in directions that suits them and this usually means going against what would otherwise make sense. Once you understand that it makes the whole thing a lot easier. Buy when you think it's a good price; sell when you feel the need. Listen to what people have to say or write, but just take everything you hear with a great big pinch of salt.
No one can pick the bottom its all speculation. Alot of people on here purhased at $34+ so I would say todays prices are a gift! That is not to say it won't fall lower, it may. Go with your own gut instinct and research, Good Luck
thats what i was trying to get at, after my own research i would have thought that the opposite of what happened should have occurred in recent weeks. just makes me wondering if i'm really understanding what im reading or if its one of those things thats almost a guessing game based on which way the common opinion of all these commentators and price is actually going?
The problem is that these commentators are often brilliant logical thinkers trying to apply their logic and brilliance to a chaotic illogical situation. In the end they are right and very early
Back in 2010 I was the smartest investor ever. I had it all worked out. After days of research I bought in when spot was below $20AUD. Obviously the financial collapse was only days away, and you would be deluded not to see it. The manipulators were losing control, and Silver was going to $150 plus. I remember how scary is was buying in at $20, worrying that the move had already happened, but taking the chance that it was not going back to $13. Funny thing is, now, I'm worrying about adding to my stack when spot is 26, worrying that the move has finished and that it might go down to $20. Looking back at some of the posts I was making here in 2010, and comparing it to how I see things now, I'm pretty confident that I really don't have a clue, and I'm just happy to sit with my stack like Scrooge McDuck.
Yes buy now and know you are way better off owning something physical than numbers in a computer. Impossible for physical to go to $0(nearly impossible, more like improbable).
I only just dipped my toe at the low $30 mark last year so when it recently hit $25 albeit briefly, I went with my gut and invested a good chunk of fiat in my stack and carried on.
