Is the sentiment I've been seeing more of lately as the consolidation of precious metals prices forges deep valleys longer and deeper than most stackers seem to have expected. My question to stackers who've been at this since around 1984 or before: do you recall seeing this same sentiment in similar times of price consolidation or a PM bear market? What, if any, is the significant differences between then and now. .
Oh I don't know. was hoping for tears and sniffles. Just came in because I thought you were pulling out, thought your hard luck bullion story would make me feel better about mine, that's all. Anyway's in my opinion this is exactly what the reptillians want, they want us to be totally convinced pm's are a joke. so much so they'll take it down to funky town, $8.88 mate, then when all our fiat is back in digital circulation, reptillians will be flat out like lizards lapping it all up, they'll take all the croc's too, then play switcharooney, wiping out our fiat, releasing the price of pm's and we're all broke again and bullionless.
No differences ! We have three choices as I see it. Sell up, stay the course, or keep on keeping on. Right now for you on the tone of your post, do nothing ! We're all with ya
I think that this is indeed what they are planning to do. That's why when silver is at $8.88 I plan to put a sizable chunk of my money into PM.
Seriously, Just wait. it's all good. No one' s goin' hungry yet. Keep stackin' Pisses them all right off .....eeee hah. rock and roll........
Best time to add to your stack is when there's blood in the streets. Sentiment is everything, when it is most negative and everyone's throwing in the towel is the best time. If suddenly house prices dropped 60%, would you sell yours? or buy as many as you can? JMO
Sure prices can go down, to me that's called a discount. Where else are you going to stick your fiat? A savings account, property, shares? There's a reason you got into stacking. Will you live to see the day something happens, half of me hopes no and the other half yes. It's always just around the corner, perhaps another generation will grow old without seeing it.
It's natural, stackers are realizing this: http://www.stockdisciplines.com/emotions-investment-decisions but... only after continued hurt for a couple years now. Goes against the stacker philosophy but it's a very sound article.
Sentiment is a part of a price trend. Some silver decade average USD price: - 1970-1982 $6.83 - 1983-1992 $5.72 - 1993-2003 $5.01 - 2004-2014 $18.11 What does this make clear: that that $50 of 1980 was a nothingsayer on average. Said it before: the average of 1980 was $16.393 while 1979 was $21.793 In 2011, the peak was also $50 BUT the average was $35 instead. What happened over the period 1980-2000? Computers for the mass? Automation for the mass? World wide communication for the mass? World markets for the mass? Compare mining equipment now with back then. All these things together, prevented prices rising more than they did. In order to continue this, similar scale progress should be made from the present onwards. If not then bank savings will go into the crapper. The difference between general price increasings and bank deposit intrest rates, no matter when around 10% or around 0%, is the reason. All those King Cashes out there are accumulating losses now. In order to compensate for them, they need a rinse and repeat, and I'm not gonna be the one that give it to them. Psst, that's just me!
