Just wanted to say to those that are reasonably new to stacking and are probably sitting on paper losses at the moment, dont dispear May is traditionally a month of volatility and dont forget you have something tangible in your possession, Precious Metal. In the meantime keep stacking and dollar cost average your way to stardom. DYOR
I agree, however I think it's also a useful education into the volatility of the silver market in particular. This 20-25% drop is exactly the reason why going "all in" and getting too blas about the risks can be a bad thing.
Honestly, if you're long on silver then this is really no big deal. The price rise was too steep and was always going to correct at some point. It is however a cautionary tale to those who would remortgage the house, personal loan or max their Credit Cards to buy in the expectation that there is a short term profit to be made. You need to be able to make sure you can hold your position and ride it out. My dollar cost averaged, and fully paid for stack is in for the long haul. Hopefully the price of "available now" physical will drop before the spot price starts up again.
Being a stacker for about a week now, every time I have checked the price in te last few days, I have died a little inside, and my credit card bill laughs at me... HOWEVER I'm in it for the long run as long as I have some fellow stackers to ride the lows with!!
Lows are all part of the ride Phillis, look at them as buying opportunities. I beleive there will be more of them before this current market is over.
So long as the spot price stays above, on, or fractionally and momentarily below the moving average, my a$$ is firmly planted
Yeah me too, Iron Mike. You will be back with a vengeance. Keep solid and firm, my friend. We are all in this together. Peace and Shiny Regards.
