Not buying coz now believe it's going even lower (including physical) Sorry I don't have anything to add to the riotous strain of humour
Some folk have had their fill and can wait for any over-sold bargains, the MACD is a screaming buy but we could see capitulation soon. Folk imo are saving their cash because they know something is not just right; they will keep their cash and wait. The PE ratio for stocks is at about 17 which is a screaming signal to me that the market could correct fiercely and... for those folk who have cash they could pick-up some very good dividend yielding stocks for the long-term; the US market will affect the Aussie. Some folk are probably looking at the USD vs AUD which may fall by about another 20 cents over the next couple of years. Some have been saying that the market doesn't want AUD, Yen, Pound or Euro but will buy the USD because it's safe! I say, the safety for long term is physical Silver Metal is becoming cheaper but the AUD may continue to fall so... watching the price of spot and the AUD is important. Being cashed-up, can give folk, who are sitting on a few ounces the opportunity to buy cheap metal or cheap stocks. This is bargain hunting times.
SHAZZAM! That's the right answer for those who believe there is more consolidation yet to come. Not buying right now means that when the price drops further, more ounces can be bought. To me, this is the answer and argument of a smart stacker. .
Silver at $17, bargain 2-ply toilet paper at $0.01 per sq ft. 1: 170,000 Silver is very costly in that sense .
I was considering buying on Friday but decided to wait and see if the price drops some more on Monday.
I added to my stack friday. By the end of the year, there will probably be another bottom to buy at. If it will be higher or lower I don't know. Depends on people. But the stocks accmulated over the 2004-2012 period didn't sell empty so there is some time avail. Happy further coming silver stacking years.
An index like the Dow is a good benchmark choice because it's representing so many economical parameters. Toilet paper does not. But toilet paper can be used too, less of a reference, but still a reference. So take a toilet paper / silver ratio from a past and compare to now. 2008's average price (an average is a also a better benchmark choice) was $15. And that was a middle of crisis year.
