Who's pockets are hurting?

Discussion in 'Silver' started by bond007, May 12, 2011.

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  1. BigBen

    BigBen New Member

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    Bulls make money, bears make money, Pigs get slaughtered.
    Buy low, sell high. To be a learning, eventual sucessful investor you must fight these inner emotions, as like the rest of the herd, acting on them is the wrong thing to do.
    How many times have you guys traded equities or deriratives, and sold just before a spike in price, or absolutely beleived that your trading platform was stop hunting your trades? Why get the jitters with silver now, it wasnt a fundamental push up, its not a fundamental push down, its all trading, it built it up and now coming down.

    Also what is GSR? Im also sick to death of this useless fiat idea around here.

    Thanks :)
     
    BigBen, May 12, 2011
    #21
  2. Graeme

    Graeme Member Silver Stacker

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    So far ... no holes in pockets. I'm still about 15% up on silver. :)
     
    Graeme, May 12, 2011
    #22
  3. renovator

    renovator Well-Known Member

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    In the time it took you to type that you could have told him
     
    renovator, May 12, 2011
    #23
  4. westtexasgold

    westtexasgold New Member

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    Graeme...the way silver is going tonight by the morning you will be 15% in the red like a few of us I guess !!!
     
    westtexasgold, May 12, 2011
    #24
  5. westtexasgold

    westtexasgold New Member

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    just dipped below A$31 bugger !!!
     
    westtexasgold, May 12, 2011
    #25
  6. bond007

    bond007 New Member

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    Yeah, that's the thing. I suppose it all depends what angle we come to this thing from.
    I need some cash to pay for medical expenses, but I'd be selling my stack at a loss. I really don't want to sell my stack anyhow, but the liquidity isnt really there now that I need. I'll just have to make ends meet and hope for the best!
     
    bond007, May 12, 2011
    #26
  7. MelbBrad

    MelbBrad New Member

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    Haven't borrowed anything for mine. Don't need the cash right now. Not-so-happily sitting, watching, waiting.

    Though, to be honest, I haven't told my wife about the current crash/correction... hehehe...
     
    MelbBrad, May 12, 2011
    #27
  8. Silverrider

    Silverrider Active Member

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    i,m depressed don!t worry my wife told me it will go back up..umm we are still talking silver here aren,t we sweetie...
     
    Silverrider, May 12, 2011
    #28
  9. heartastack

    heartastack Well-Known Member Silver Stacker

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    hahaha... youre apostrophe?
     
    heartastack, May 12, 2011
    #29
  10. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    Keep going ya beauty!!!
     
    Yippe-Ki-Ya, May 12, 2011
    #30
  11. Dwayne

    Dwayne New Member

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    not hurting, but the spot price is starting to get close to my average buy price...
     
    Dwayne, May 12, 2011
    #31
  12. Anonymous4444

    Anonymous4444 New Member

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    I just started last week... My first buy in at $44 AUD :(

    But today is VERY interesting... I just wish BB updated their prices faster! Looking to make a nice catch around this $30 AUD mark!

    Peace
     
    Anonymous4444, May 12, 2011
    #32
  13. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    As stacker's you should all embrace this dippy, & buy. What a great opportunity! No bugga from me, you beauty! "Keep going down".
     
    Silver Soul, May 12, 2011
    #33
  14. Bargain Hunter

    Bargain Hunter Active Member

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    +1. If it drops to below $30 AUD on Monday I'll buy a kilo (would buy more if I had the cash).
     
    Bargain Hunter, May 12, 2011
    #34
  15. silverstalker

    silverstalker Active Member Silver Stacker

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    Ouch!!!!!!!!!!!!!
     
    silverstalker, May 12, 2011
    #35
  16. renovator

    renovator Well-Known Member

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    :lol:
     
    renovator, May 12, 2011
    #36
  17. Ouch

    Ouch Active Member

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    Someone called?
     
    Ouch, May 12, 2011
    #37
  18. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    There appears to be 3 markets out there.

    1. The paper market where silver is traded at spot.

    2. The bullion market, where people like ourselves are trading at spot plus moderate premium.

    3. The consumer market, aka eBay, where silver is still trading at last month's prices at spot plus a 40% to 60% premium.

    I respectively suggest that those who are hurting, start selling on eBay and bugger the overheads. You may find that for every 3 pieces you sell, you can afford to buy 4 pieces here on the Forum.
     
    sammysilver, May 12, 2011
    #38
  19. Guest

    Guest Guest

    GSR Ratio used as a benchmark to trade between the two metals-What a crock

    REDBACK ;)
     
    Guest, May 12, 2011
    #39
  20. bennybbc

    bennybbc Member Silver Stacker

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    But are people really buying up silver at 40-60% over spot or is that just what it's getting listed for? If I could get 40% I'd be seilling and re-ordering.
     
    bennybbc, May 12, 2011
    #40
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