I bought 1kg last week, when it first dropped. Sure I wont be lamenting that decision in 6 months time (touch wood) ... regardless of whether I could have saved a few more bucks if I bought today. All this talk about elevators dropping (I realise it was tongue in cheek) is only just helping get people more anxious, which is playing into the PTB's hand. They are trying to shake the hell out of the "silver tree" and see what goodies fall out. Hold on to your silver tight people ... remember this is a marathon not a sprint.
rbaggio I think you should start buying gold and see if it has the same effect I dont have enough gold so I want to buy some more
Funny we have heard this said many times so far this year,but the truth is silver always bounces right back so what do you think about that?
I absolutely love reading naive threads like this. This year we have already witnessed a dramatic ~20% move in gold from $1500'ish to approximately $1800 and silver has shown an impressive ~30% move from ~27 to ~37 since the beginning of the year. It is characteristic in gold and silver to witness short term volatile pullbacks at the beginning of major moves to shakeout the short term speculators looking for overnight riches and who lack patience and fortitude.
as usual when it dips I expect it to dip further before i buy so i wait it out and before I know it, it shoots back up
get used to it...it drives me insane Now I'll wait for the usual reply of "just keep on buying because it's going to the moon so who cares what price you buy it at" All I want is one more real good dip to mid twenties and I will back up my Tonka Yes I have also bought in the high $30's too but not doing that again.
I really dont know if its going to drop into the 20s again so soon ... Apparently the Chinese are backing up the truck on the dips and provide lots of support at these prices, so doubt its going to go much lower in the short term http://kingworldnews.com/kingworldn...e_Physical_Silver_Orders_Filled_Near_$33.html Not sure whether to believe or not ...
Patience Hi ho, I still think you'll get a shout much later in the year along with myself at $25 or lower but $26 is mental support I'm still waiting for my Moosey mooses but I'll take the plunge if we get back to around $31.80 which I still expect. This is a short term faker for me.
Never trust a guy with a hideous radio voice. None of them saw the take-downs and none of them will see the future take-downs too.
You can check the archives. A few times when links to London Trader are posted and people are sceptical I've back tracked his previous posts and checked the charts and his calls for a rally are usually pretty good. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.html You want to use find in your browser to find them quickly. edit see this thread. His last call was pretty good. http://forums.silverstackers.com/topic-23562-flight-to-physical.html
If the market is manipulated as so many claim I see no reason not to trade it. If you got it hideously wrong the bull run will eventually dig you out anyway. I could have bought and sold many times for a 25-40% profit over the last 2 years or more and now have that mind set. Until I see clear unemotionally driven evidence that the institutions have totally lost control and influence in gold and silver I will keep a core position but trade a cautious physical method with the rest. Personally I don't think they intervene half as much is as claimed, but feel they do enough to prevent it being a very flat and steady stairway up if they weren't in it at all.
I was looking for $30 USD in the recent pullback. It didn't quite get there. I pulled the trigger on a big buy (for me that is). My two cents is we won't see 20's again. If we do it will bounce back so fast we won't have the time to buy. I think it's going north from here(knock on wood). Best wishes to all.
BTFD. People sit there watching spot for a big dip... it happens... and then they want more of a dip! This is GREED. Don't be greedy, be smart.
NRL season has started. Centrebet season. Way more science needed here. My predicition,Souths will go South.
