$18 Woah nelly!

[thatguy]

This is near the end IMHO 28th or 1st I will be long foreshore

 

[Caput Lupinum]

If silver was in a limbo competition it would get the silver medal right after labor's first party preference in newspolls

 

[gelxi]

Sub $19 is really crazy, down 62% from peak. Takes balls of steel to hold on to silver at the rate, and balls of titanium for silver mines.

 

[brisbanecoin]

This is near the end IMHO 28th or 1st I will be long foreshore

Hey Thatguy, how come predicting in days (because of end of financial year) I was thinking of opening a long position soon; as $17.49 was the lowest I was thinking we would hit before bouncing? I know you are more of a trader just wondering why your going by days instead of $. Thanks!

 

[thatguy]

This is near the end IMHO 28th or 1st I will be long foreshore

Hey Thatguy, how come predicting in days (because of end of financial year) I was thinking of opening a long position soon; as $17.49 was the lowest I was thinking we would hit before bouncing? I know you are more of a trader just wondering why your going by days instead of $. Thanks!

Check out the long term charts and see what would have happened if you brought on the 30th of June in '12,'11,'10,'09 (PS '08 was pretty crap ), may the seasonals be with you

http://www.tfmetalsreport.com/comment/325861#comment-325861

 

[volrathy]

at what point is it no longer a precious metal

 

[Ernster]

at what point is it no longer a precious metal

$6oz

 

[DanielM]

Wait what happened to the rocket to da moon?

God I feel sorry for those that paid >$50 per oz

 

[Altima]

Wait what happened to the rocket to da moon?

God I feel sorry for those that paid >$50 per oz

I feel sorry for myself for having bought anything higher than current prices! LOL

 

[Eruaran]

Sub $19 is really crazy, down 62% from peak. Takes balls of steel to hold on to silver at the rate, and balls of titanium for silver mines.

I've gaht ballz of steel... ballz of steel... ballz, ballz, ballz, I've gaht ballz of steel...

 

[volrathy]

The People's Bank of China has announced it will provide "liquidity support" to banks that run into cash shortfalls after a shortage of money in credit markets led to fears the country faced a credit crisis.

So china starts printing money and silver goes backwards

 

[Court Jester]

The People's Bank of China has announced it will provide "liquidity support" to banks that run into cash shortfalls after a shortage of money in credit markets led to fears the country faced a credit crisis.

So china starts printing money and silver goes backwards

Yep all is ok in the world

The t Da moon callers are now few and far between.

 

[dag108]

I feel like hibernating !! and hope for the best

 

[thatguy]

I feel like hibernating !! and hope for the best

Buy gold sell UST and go and lie on a beach for 10yrs :lol:

 

[renovator]

I feel like hibernating !! and hope for the best

Buy gold sell UST and go and lie on a beach for 10yrs :lol:

only 8 years left of my 10 lol.

 

[Emanance]

I feel like hibernating !! and hope for the best

Don't 'bears' hibernate?

 

[Chillidog]

What the hell.
Back up the truck
Silver to the moon.
Lol someone had to do it.

 

[trew]

The psychology in this market is no different to that during a fast run up, just in reverse.

You know the price is low - you really want to buy - but you are afraid of how much lower it might go.
Every time it has stabilized and you've thought that's the bottom, it's gotten whacked yet again even lower than you thought possible.

You are afraid to buy because the price might plunge yet again just after you make your purchase - as it has done previously every time you've bought in the past 2 years!

As the price gets lower, more and more people join the "it's going to keep dropping and stay down forever" bandwagon, just like when the price goes up there is no shortage of "to da moon" pundits.

 

[pdkbffwleo]

The psychology in this market is no different to that during a fast run up, just in reverse.

You know the price is low - you really want to buy - but you are afraid of how much lower it might go.
Every time it has stabilized and you've thought that's the bottom, it's gotten whacked yet again even lower than you thought possible.

You are afraid to buy because the price might plunge yet again just after you make your purchase - as it has done previously every time you've bought in the past 2 years!

As the price gets lower, more and more people join the "it's going to keep dropping and stay down forever" bandwagon, just like when the price goes up there is no shortage of "to da moon" pundits.

well said.

I'm kicking myself, but you're absolutely right. "Had I known" is the common theme here. Sub $19 silver was unheard of a few months ago.

And, when everyone sees $14 silver and the demand suddenly kicks in...we'll see $25 silver in 2 weeks.

 

[RetardedMonkey]

And, when everyone sees $14 silver and the demand suddenly kicks in...we'll see $25 silver in 2 weeks.

Your totally unfounded optimism is cute.