I was just a lil worked up because of the 11-12% drop in Asia, like how could that happen over night :O
Overbought conditions. CME margin hikes. Profit taking. Geopolitical events.... Lots of reasons. I'll be a strong buyer after 20% correction.
I guess those factors make sense but the drop was so quick, just surprised me, I'm prepared for a 20-30% drop. It seems that all the bears are comin out of the wood work with talk of bubbles bursting, crashes and what not, all that stuff has me second guessing myself lately but as long as the Asians keep buying the Ag I think we should be alright.
Thanks for that mate. Based on the graph i'd have to say we're probably around the "bear trap" point now or maybe even before .... depends on how big this pullback is. If it stays at 10% then not even. If it drops more - say 15 - 20% - then i'd say definately bear trap. If it stays around 10% max drop then the bear trap will still be somewhere ahead!
Thanks Hobo Based on this i'd have to say that we've only reached the awareness phase now ... While there is some MSM attention now it hardly qualifies for the mania phase. The mania phase media attention is more like what property had over the last decade - THAT's mania phase for you! Nope, we're pretty damn far from silver being in a mania phase....
Yet another margin hike in silver. Getting rid of the volatility/speculators is causing a bit of volatility.
Oh i wont dont you worry. i find it all quite amusing actually. I believe we are now in the awareness phase ... I believe you've sold prematurely, but perhaps you can still turn it into a good thing. Let us know how it goes.
what makes you think he sold prematurely? maybe he had bills to pay? other investments to go into? profit taking to buy an m3 , profit taking to take a holiday profit is profit... you must be new to this investing thing
The money I sink into silver I am not going to need for at least 3-5 years so I think it's stupid to constantly watch the price. There's no doubt in my mind that it will be higher than it is now in that time. I kind of get pissed watching it go higher because I want more.
You gotta love the clueless MSM ... http://www.theaustralian.com.au/bus...mp=AusBusLunch&emchn=Newsletter&emlist=Member So its the "bulls" who have manipulated the silver price up. Nowhere a mention of the downward manipulation by Wall Street / JPM ... i guess thats not newsworthy because its just a tinhat theory huh?
I was flabbergasted to read the conformist bleatings in the Australian and then watch the shill gloating on the ABC about how the silver "bubble" had now "burst"~ what a load of bull$hit. How could it be a bubble when it is still relatively uncommon for people to own silver? All I saw was sore-losers who were bitter that they weren't able to pick the spectacular rise of silver like we SS'ers were able to having a great big song and dance on what they presumed was the grave of silver. A bit premature if you ask me, all bull markets correct by 10-20%, its a healthy shakeout. I'll be buying the dips, and I'll be laughing all the way to the vault in the long run.
