This may be the big drop below $20 that I was warning about this week coming on now....on your knees, silver!!!
Not my problem or worry at all. I don't care about their joys or sorrows. These people did not worry about my financials when they were doing well and I wasn't. I am looking for a good opportunity to buy pm's and a drop below $20 would be very welcome to me and others (so long as premiums don't completely erase the lows of spot). I'm hoping that pm's drop like a lead weight!
Look at the 10 year rate ! 2.36% - they can't afford that Bernanke is done, bring on the new money printer http://www.marketwatch.com/investin...=50&lf=1&lf2=4&lf3=0&type=2&size=2&style=1013
Bernanke On Soaring Rates: "We Were A Little Puzzled By That" http://www.zerohedge.com/node/475448 anyone seen the plot?
I'm pretty happy that i used most of my metal for the deposit on property. Still (very) slowly accummulating though. Much slower this time around than my original purchases at circa AUD$16. I haven't calculated it but i'm probably in the red with the metal that i have or very close to it. Not too worried about it as i'm treating the metal as savings and thus i have faith that at some point it will come around again.
My prediction was right on the mark (silver below $20 in week of the 16th)....I did say months ago that I'd really like to see $14 silver. Keep going down, baby, way down! I'll catch you when you fall.
Ha. Awesome mmissinglink! I hope you are right about that $14 level. If so I will be picking up some silver at around $15. I hope the bottom is there, and not here. But who knows.
Well... it got there early this morning, for a little while. That didn't take long. It's back >$20 now, but I think on life support. Condition is "grave" (no pun intended)...
Price looks so ever extended on a chart. If it drops any lower I don't know for how long it can be like this. Needs some sort of a pull back before continuing the down trend, but maybe this over-extension downwards is the mark of the end of the down trend. That is what I am deff thinking. Although hopefully it continues a little lower. Another year of continuing lower prices will be awesome, as I just started to build my stack.
