morning all, despite all the boredom, dreariness, sideways, omg, drabness of the US Ag price ---------------------- whether we like it or not the chart tells a story. - the chart doesn't even need pretty lines drawn on it ---------- just look at that grid line around the high $19 mark ---------------------------- it might be breeched in future - but, it is still rock solid. We do NOT have a new game yet. Whilst we wallow in boredom, really nothing too much has changed --------------- Europe is still stuffed - a bit of optimism here and there, but, drugs will do that. And in the USA some optimism as well (well, at least before last night ) -------- but, again, drugs, bullshit and politics will do that as well. Like it or lump it --------- high $19's/ $20 ish is holding. Personally I don't believe any true blue stackers should be concerned at all. Traders who are underwater, yes, possibly, investors - yes, possibly - but if you are a true stacker ---------- all is ok. The poo is decidedly hanging very close to the fan as it has been for several years now and shows very little sign of shifting ------- possibly swaying in the breeze a little - but, one small earth tremor and it could wack the fan in large lumps. If you have a quantity of gold or silver in your safe or in a hole in the ground ------------------sleep well ------------- the waiting is the hard part --------- go fishing. have a great saturday all gazza
I will be ok with it sticking around the $19-20 mark, atleast for now. This year will be an interesting one to follow, silver is the new gold and growing in popularity. For the first time ever for me, I actually spoke to a work mate who is looking to invest in silver. I can see it spreading this year.
I may be making my first silver purchase this year, i have a few oz that were gifts . But is that the way the price will climb , I thought the price will go up with economy swinging downward . Either way I really don't know just asking .
Hopefully our arks won't sink from too much weight. :/ We all may be old and grey by the time this turtle floats. :lol:
"= no matter what the market thinks, or what my losses are....... I have always been right." that is the point --------- stackers don't have losses, nor do they have profits. they HOLD metals for preservation of purchasing power over long periods OR currency meltdowns. There has been no such thing in the last few years ------------------------ price movements yes, but, at no time would a true blue stacker have taken metal from the stack (or at least certainly not wanted to). So a paper loss is the language of an investor or a trader. Basically a stacker cannot be wrong. Yes, through circumstance, in some instances a stacker may need to dip into their stack in emergency ----------------- but, that is just unfortunate --- whether they can achieve a higher or lower price for their metal than they paid is merely fortunate or unfortunate at the time - but either way - a stacker would NOT want to do that transaction. They want their stack for the intended purpose. There are always dips and peaks in price ---------- but they should mean nothing to a stacker - except if one waits for a dip to increase the stack. I hope this is understandable, but I fear investors or traders might have difficulty getting their head around this. have a great day all gazza
Going by the definition above I'm an investor, not a stacker. I'm delibrately accumulating/stacking an asset in a bear market biding my time until inflation returns and when it does and I believe PMs are fairly priced I'll sell them to others coming in late. I still have other assets such as shares, ETFs and forex currencies. I'm most bullyish on oil and energy stocks over the next 12-24 months
By this definition (which, by the way, is very well put) I am a stacker. I don't follow or fret over the daily prices. Sometimes I sell, buy or swap some for various reasons but my stack is just like a pot of tea - I just keep topping it up. This no criticism of others. We all do what we do for different reasons.
Ok. I have to ask. So there's a currency meltdown or a financial crisis. Or a global catastrophe. Woolworths accepts 1 oz rounds, right?
Yeah they will but you will not be able to get change so if you go to the shops don't just get 3 ltrs of milk......
Lol this is getting ridiculous. So a "true" stacker holds a lump of metal forever with no intention to ever sell regardless of the price and "cannot be wrong". I am baffled by the extent you bury your head in the sand. I won't argue it though. But hey good news for all the guys who bought at $50: you haven't lost and anything and you can never be wrong! How good is that now you can go tell your wife it's allll good - I wonder how she'll see it...
