http://www.youtube.com/watch?v=KdlXot0ZEgo Great video about the 80s bullrun in Silver. For some reason I though Silver just went up real fast and people only had a few hours/days to sell at the high before it came crashing down back down to a few bucks...., but this shows they had more time to sell than I first thought.
No mate, you can look at the figures from historical data at the Perth Mint itself. The market took the best part of the year to crash back down.
Forgot to say... you didn't have SS or the internet in 1980 too. You can move metal here literally in minutes
Your two posts kinda contradict each other. Technology has increased the rate we could crash - hypothetically. Every Joe blow can short silver from their mobile phone if they wanted to. Just some food for thought- maybe if we crash again it will be a lot more sudden.
This time around the bull run is for totally different reasons and cannot be compared with the 1980 run. This run is taking much much longer to head up and it will take even longer to come down
Everyone thinks they are smarter than the market Everyone thinks they will bail before it's too late Everyone thinks that 'this time it's different' Sure the reasons behind the bull market are different, but it's just another bull market. Most people will either get in too late, or hold too long, or both.
Not me............. I got my finger on the pulse. Brains in my head. Wake me up when Silver enters triple digits. I got my eyes on some "things" WHEN that happens.
Great! Can you go into any more detail? Is it a gold/oil/property ratio, % rise ? Ive been buying into near term, low cost producers that are profitable in todays gold/silver prices. Hopefully this will provide some leverage and it's even more liquid that physical. Rising stops should lower risk.
Everyone is different. Where are you now & where do you want to be in a few years? Single? Good job? Rent/buy? Debts? DYODD and get a feel for the world's playing field. This is an internet forum. As If my info is good for you? Keep up to date onwhats going on in the world & in YOUR world & act with your heart. Then take a deep breath & assess your thoughts.
that odd boneyard. In the stocks section you are asking for people to give you their stock tips so you can digest, but here you are telling Auagau to do his own research and that this is just an internet forum.
My heart is weeping...if I listen closely it's whispering something...what is it?? I listen closer... silver... buy.... silver....... I think my heart is telling me something...
Diversification is key. The more you spread your investments around, the less you worry about the fluctuations in just one of them. Buy and hold is one thing, just don't buy and forget. Stay on top of what moves the markets you're in as best as you can without becoming overly obsessed and you'll find success.
i might be confused but i dont think shorting silver is that easy for the average joe. are you talking literally here?
Really? It is as easy as buying any other stock, ETF, mutual fund, etc. There are ETFs that short silver, like Proshares Ultra Short Silver ETF (ZSL)
shorting silver isn't as easy here in australia, unless you venture into the futures market or overseas exchanges to get access to things like ZSL.
Using CFDs and an iPhone with web access, or a custom iPhone app. It's easy to open an account and DO this, but it's not easy to DO IT SAFELY. IMO Shorting Silver is a dangerous game. If you are using CFDs you can ride the rise up, allow it to drop (without shorting), then ride the rise back again for 2 fairly safe trade 'moves'. If you use shorting though, you ride up, short down, then ride up again. That's three moves - with potentially 50% more profit (in theory), but any mistakes made in calculating the pivot points are compounded with each trade, so on average you may not get much more than the first scenario. It's barely worth the trouble. So unless you are REALLY confident I'd say stick to the up rides!
yes i was meaning from australia (for my personal position i was interested). i know you can "trade" with say IG markets or CMC Markets, but i will say they aren't really "ideal" trading partners. i guess to be able to short quickly and efficiently would be a part of the exit plan. so i should open that IG Markets account back up...
oh i agree any leveraged trading is dangerous. i like the idea of shorting more than going long due to the interest payments to the dealer, from memory you receive interest when you're short, but pay it when you're long... so if you're long, you could be paying 8% interest to keep the position open.. is this the same with silver? cause that's how it was with shares.. i'm already paying say ~7% on my loan, so when i pay the dealer another 8%... i'm at 15% interest... not a good proposition..
