Averaging down is always good. I would welcome 16 or 15 again but....yeah ain't gonna happen any time soon haha. Until the actual crash maybe.
If the price goes up I like it because my stack is worth more and also people start bringing all sorts of items to the market that we haven't seen for a while. If the price goes down I like it because the cash pile that has been building can be utilised to enlarge the stack. If the price stays the same then I can wait and pick up the nice items I am interested in as they come along. I have a long term view and am happy with whatever happens.
The cost averaging strategy I'm using has flaws. I started buying over a year ago so when I saw metal prices going up, it was bad as I'll be cost averaging up. I was tempted to make a big buy when silver was $18 and gold at $1520. Luckily I managed to resist it and continued my regular cost averaging monthly buys. It is important not to deviate from the strategy regardless of how the market performs.
We should get a bump up before the next leg down. What do you think silversale? Will we see a new high for silver and gold?
I've looked into my crystal ball and I'm seeing an initial quick run up to US$20 for silver As always, don't trade based on my thoughts.
You got me there. If we got to the 2016 top or there abouts I will be very excited. I don’t see it just yet. I think we will see a bigger dip before going up there. If gold breaks $1520 then I will join you. Otherwise it’s $1350-1360 in gold.
I'd reckon SilverSale is spot on. I've just bought again for a roughly 3 month 5th wave (Elliott Wave) move above US$20.
I just love these quotes!! Don't get me wrong, I'm a perma bull always thinking the next move is upwards, I just love the juxtaposition of these quotes together.
Possible. When a thread like this appears on this forum, big movements will happen within weeks - https://www.silverstackers.com/forums/index.php?posts/1110869/ But whether the movement will sustain itself is another matter.
Quality well priced items are just sitting untouched in the for sale threads... Time for an explosion I feel.
Reverse indicator? The sentiment back in Q2 2019 was definitely worst. There was literally panic selling.