This is a curious read on silver manipulation and what may happen in a few weeks time... http://www.bullionbullscanada.com/index.php?option=com_kunena&Itemid=122&func=view&catid=12&id=4863
Contrast what that post with this video. It talks about a potentially short and painful drop in silver. http://www.youtube.com/watch?v=AId_UiPtPpQ
LMAO @ "why the f@#k are you crying about silver going down $2" So do the rest of you see it like that? i mean about the next 2 months? I think it might drop to $25 and then spike to $40 or $50 but that could be just wishful thinking. But then again... world .govs and economies are pretty crazy at the moment so you wouldn't know how extreme the dips and spikes will be. I'm just gonna buy as much as i can no matter what the cost, grab some popcorn, and enjoy the show.
Same here, I don't think we can time the market. I think I'll keep stacking while we can and average the cost. If silver goes down to $25, whats the guarantee there is going to be stock? Unless you live in Perth and buy over the counter. Or maybe there will be massive wait times and your sweating if delivery will even happen. Slam
Not interested in what silver will be in March or 2011, or 2012 or 2013...... In about 2025 I am more interested in what the price will be. I am holding my stack for the long term, at least another 15 years. If there hasnt been some currency collapse or similar, I'd look to sell at when I'd consider the best price in time window of 15-25 years time. That's barring some personal problem like I dunno, needing money for some calamity.
As a long term stacker I average down to. Averaging down silver is much safer than buying stocks as it falls.
What is your basis for that theory? That would retrace the entire move from late Aug. I believe the silver market is way too tight to be able to take it down from $31 to $18.
That sounds 'bout right...There are so many things going on right now with the plot having more twists and turns that rivals anything Hollywood could come up with, that the only thing I am reasonably certain of is that we are in for a big change. I'm going to sit on my stash grab my popcorn and watch the buffoons put on a show for us. The physical in - hand market is so tight that I do not even bother with the local coin shops any longer, they have basically nothing. The online merchants and bullion dealers are running out as well....you can still find maples and timber wolves on ebay for $46US.....but the comex price keeps going down!!
Theory?Things are too volatile and complex now for a theory. How long ago was silver less than $18 and for how long? Months only and for many years. Whats different now to then. From what theory does a cork in an erratic stormy sea deduce its next heading. Common sense says that it could go back down. Will it? I don't know but its very possible. Probable enough to take some profits. A bird in the hand is worth two in the bush. I make a good win gambling.Do I take half and put it in my pocket,or do I rebet the lot. (everyone likes to feel comfortable)
Peter, gold did not retrace to its breakout point and silver's breakout was far more powerful. I don't see much more retracement than the we have already had, but calling anything in a manipulated market is extremely difficult.
Many of my buyers believe that silver will fall 25% in the first 3 months of 2011. But when I offer to take silver off their hands so they can buy more with their money when it falls nobody wants to sell. I wonder why.
Well, I just moved to Perth, planning on going to the mint today, let's see if there is any stock. Girlfriend decided house hounting was more important yesterday....,
If silver takes a major dip , it's possible that there will be very little to buy and stack. Back in 2008? when it pulled back from a high of almost $21.00 down to $ 10 or $12 I could not find any to buy. I was calling my local dealer EVERY day sometime three to four times a day. I did manage to buy about 600 oz before it hit $13.00, but it was tough to find and take delivery (in less than 30 days). Silver stacking should be LONG term investing. Try to buy in dips but always stack at any price.
Very interesting on availability to buy SparkySilver. If I were a dealer I'd be very disinclined to sell at a loss just because prices on the exchange had dropped. I'd hold it til it's inevitable rise again. Possibly only if I was a high volume dealer and was renewing inventory daily, but if it was weekly or monthly I'd hang on. Good point: Try to buy in dips but always stack at any price. Agree - long term. It's too rigged to do otherwise.
Dealers do sell at loss!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! If I sell something I lock in my purchase price immediately. I do not care if the price is $1 or $100
A founder of another board was a dealer for over 25 years. He stated that he sold when prices rose or fell. His philosophy was to keep turning over the inventory.
Girlfriend or silver......tough choice. I'm leaning towards the girlfriend but its by no means a no-brainer
