Nice to see silver breach US$42 again. Nothing like awaking to a $2 gain in Silver . . . and it still is not mainstream investment. I guess that might have been a buying dip, eh? Sleep easy silver stackers.
I did, watched it rising before I went to sleep last night. Never saw it reaching 40 AUD though... Roll on the big 50, that'll be a lot of bubbly to drink there!
Silver is still swinging up and down by the same percentage it was back when the price was under $20. A 10% swing at $18 is $1.80 (up or down) and a 10% swing at $40 is $4.00 (up or down). It just looks more volatile now because the price is higher, but the market is just as crazy as it always was.
Take away the peaks & trough's & silver is still heading for the moon. It's made of silver don't you know !
I really don't know why you're all cheering this on. Every price rise is a little less you can buy before the end. Once this puppy tops out, there's no going back. You won't see 'cheap' silver again once the masses awake and understand the fundamentals and see the market. The wider investment classes across the world have so much worthless fiat they don't know what to do with it other than sink it into commodities. They get a good whiff of the silver story and it's all over folks. Oh sure, you'll all no doubt turn a tidy profit on what you have, but that's it. You won't be getting any more. No more trips down to the coin store for a snoop and possible bargain. Once the door shuts on this, you can pretty much say goodbye to buying more silver for the rest of your lives. Personally, I don't find this steep price action exciting at all. It signals the beginning of the end.
As Stewart Thompson would say "You don't add wealth unless you add ounces!" so no I didn't wake up any wealthier.
Do ounces from a very filling dinner count? Well the weekly wage went in over night... so yeah... I am a little richer
I don't really have the money to buy much more silver anyway, I guess you could say I'm a starving student
Agreed Auspm, I would have much prefered to have more favourable buying conditions later in the year and into next year to increse my stack :|
I agree with Auspm, but I am biased as I only started stacking a month ago and have only purchased about 1/4 of what I think would be a good initial position. Would love to see a big drop, but doesn't look likely at the moment.
Agreed. I only started this month Hopefully this 'peak' will make a lot of impatient people sell sell sell and bring the prices down a bit.
The door will eventually close, the day is getting nearer with all the bad news around the world unfolding daily. You just have to stack whatever you can. Gold is looking good, the price has not moved for 6 months in AUD terms. Once the door closes on silver, the next best metal may be gold =D. Slam
If Silver is on the rise, and we are hoping for a GSR of under 20, then it is always a good time to buy silver. There will never be magic moment when we are all ready for the end time, so the logic is you keep buying and accept what gains there are.
Indeed, my end game strategy is all about gold. The GSR is doing it's thing, but the closer it gets to parity with gold, the more you start to think that holding onto it come what may might be the best option. There's more gold out there now to buy than silver. The fundamentals scream silver is the best market investment and likely the best one of our lives. I personally feel very saddened that the day of 'no silver at any price' is coming to fruition in our lifetime. I love silver
