"If my answers frighten you then you should cease asking scary questions" This is just a bounce that is natural. The fundamentals of why i am stacking are still there - other countries are still up to their eyeballs in debt. This downturn will build character and as The Wolf said "Just because you are a character doesn't mean that you have character."
It's cheaper from ABC - $1267. 6 week wait though. Why spend more than you have to if you're stacking?
Yes, don't sweat it. If you have the phyical metal, just consider it savings and forget about it until you need it. That was the only approach to get through the 2008 - 2010 period. And BTFD along the way. Having said that, I still feel expectant that a fast rebound to $50 is there this week.
I was in the silver position i wanted to be in. Then this drop saw me buy more, at $43.50. Now it is dropping me further and asking for me to further over-extend on silver!!! If it falls below $40 I'm going to do it. It will make me or... make me start over! lol.
I love watching silver fall. Its like a time machine... " I wish I could go back in time I would have purchased far more man I was a fool!" **Twinkle twikle bling p00f** Wow i'm back in the days of sub $1000 PM rolls.... its like a dream
Many stackers here don't seem to have been around when silver retracted from approximately $21 to $9 an oz. Those whom scoffed a Stellaconcepts (John) for making sizeable profits and selling when it suits his investment plans and sentiments must be 'immature' IMHO. John is surprising open about his trades, many here would not have the balls to put themselves out-there as John does. Further, John makes moves in amounts that exceed a 1000 oz of Ag. Many here did not buy at $11 an oz and simply don't play in the same ballpark, and a few hundred oz of silver traded here and there is currently squat all IMHO. Don't become arrogant because you find yourself in a bull market. Show some respect.
Yeah +1 to this! If you look around the world it's just depressing... USA: Massive DEBT Japan: NUCLEAR LAUNCH DETECTED China: Inflation yadayada UK: Not doing that well, the royal wedding didn't boost the economy that much Ireland: Fully stuffed up economy Portugal: Huge debts, massive loan from IMF or was it EU Spain: 22% unemployment rate, huge debts Italy: Just as bad as above 2 Greece: Just as bad if not worse than above 3 Middle-east: One big political mess Russia: Huge inflation Brazil: Inflation, oil decline The only place doing slightly good is Korea since Japan isn't... but then again they have that crazy dude up north. Fun times ahead.
Ahhh . . . the old right-angled graph trick. We see that in all natural trading patterns! Buy right and sit tight.
Remember Glaucon, we lowly humans live in a cave and try to interpret the shadows cast on the wall from outside. http://www.historyguide.org/intellect/allegory.html
hard to say how this will pan out, but a good drop will make some equities especially attractive with any luck been here before folks got out of paper just days before the sky fell and just took a position in ccu again, albeit a small chunk, in case we get some more downside, to average down
Nothing wrong with Youtube clips - its simply a medium. Whats important is who is doing the talking... eg Bob Chapman => listen
What's important is who is listening. eg someone willing and capable of thinking for themselves. The silver mania(cs) bang on 16:1 with gold as if it's guaranteed. John of Stellarconcepts got slated for selling recently (funnily proven correct mere days later :lol. The GSR is as good as it's been over the last 30 years yet die hards will wait for the magic number to appear. Source: goldprice.org For every person that will make a fortune in the coming mania phase there are going to be people burned, some burned very badly. It's important that you are in the first category! My first full time boss traded shares (before the internet if you can imagine such a time ... I can't )his motto was to always leave a bit of profit for the next investor. This philosophy worked very well for him. I digress. Use all the sources at your disposal (internet forums, youtube, blogs, newspapers, books, friends, financial advisors etc) but most importantly use your head. If you are waiting for someone to tell you when to sell...........
Worthy of a thread in itself but I'm upfront that I'm not really the man to listen to but what the hay, I'll give it a shot. * Mike Maloney has the right idea IMHO, it's Gold (silver)'s ratio to other assets * Another alternative - when interest rates return to positive territory. * Harry Browne's permanent portfolio. (From 25% start) when/if gold reaches 35% of your portfolio. A quick word on Mike Maloney. He runs a paid subscriber service. If you aren't a paid up subscriber and are waiting for Mike to tell you when to sell well ..........
There are some great books on the psychology of markets and investors - they really helped me to make sense of my emotions, and why i seem to buy at peeks and sell in dips. Bears (which is what you are original poster) become euphoric with gains and depressed when things go down. Prices rising or falling neither is 'good', what is good is when you have done your homework, taken a look at the market, planned your entrance, and pre planned your exit strategy. Do you think half the guys in here have an exit strategy for silver? Or will they simply ride the wave down to the bottom at the end of the run? Here is my strategy With mining stocks Buy those I consider will double within a 6-12 months If/When they double - halve my possition and reclaim my seed capital Take profits out of an explorer after the euphoria of discovery is at its peak (hard to pick) and possibly buy when the sell off bottoms (again hard to pick) only if i think they will be a take over target or actual start a mine! Take profits after the euphoria of mining start up and first profits - leave the rest in see what happens initial seed capital, pick a loss tollerance maybe 20% for explorers on seed capital (probably shouldnt be less that 5% but im a gambler aka an idiot) halve when/if it doubles take profits at height of discovery peak reinvest profits during lull/forgetfulness take profits at height of resource anouncment reinvest profits during lull of mine startup (more risky lots can go wrong at this stage) take profits again when initial mine startup peaks reinvest, sell out or leave the rest to ride the train. Thats the basic plan, ask me in a year if it works - doesnt make allowances for disasters or black swans I only have as much metal as i think I would need to survive the initial stages if TSHTF.
You make it sound more like your into trading explorers than getting protection from the current world economic outlook. You also need to start with some sort of premise as to why you're investing.
