$18 Woah nelly!

To me this is exactly the bleeding that we needed in silver price in order to go higher, much much higher :)
 
trew said:
Here are some facts for perspective.


In 1983, 30 years ago:

1oz of silver was around $10 (in both USD and AUD)

median Melbourne house price was $50K


My investing thesis (being an ingrained bargain hunter/lowballer): buy what is CHEAP
Click to expand...
Pringles half price at Coles! Grab a few rolls
 
Court Jester said:
trew said:
Here are some facts for perspective.


In 1983, 30 years ago:

1oz of silver was around $10 (in both USD and AUD)

median Melbourne house price was $50K


My investing thesis (being an ingrained bargain hunter/lowballer): buy what is CHEAP
Click to expand...


Here is something for you.

In 2005 --- a whole 20 yeaars later silver was STILL only $10USD an ounce

When you take into account 20 years worth of inflation that would have been a bad investement
Click to expand...

Glad you got the point I was making

In 1983 the house was cheap compared to the silver

30 years later the house has gone up 10 times but the silver has (as of this moment) only doubled

Which is cheap now ?
 
gelxi said:
To me this is exactly the bleeding that we needed in silver price in order to go higher, much much higher :)
Click to expand...
You seem to be a brain washed silver zombie. In order to go up it needs to be bled first? Ha ok
 
I entered long at 21+ $ and at 19+ $. Now it dipped to 18+ $.

I wonder where the bottom will be!

Technically - I thought it couldn't drop much further... maybe not below 18 $.

But now... if it goes lower, then it can drop to 10 $!
 
trew said:
Court Jester said:
trew said:
Here are some facts for perspective.


In 1983, 30 years ago:

1oz of silver was around $10 (in both USD and AUD)

median Melbourne house price was $50K


My investing thesis (being an ingrained bargain hunter/lowballer): buy what is CHEAP
Click to expand...


Here is something for you.

In 2005 --- a whole 20 yeaars later silver was STILL only $10USD an ounce

When you take into account 20 years worth of inflation that would have been a bad investement
Click to expand...

Glad you got the point I was making

In 1983 the house was cheap compared to the silver

30 years later the house has gone up 10 times but the silver has (as of this moment) only doubled

Which is cheap now ?
Click to expand...

Don't forget back then houses were a lot smaller, most had 3 bedrooms 1 bathroom 1 living area no study no garage, no central heating a lot less appliances, ect....
 
pdkbffwleo said:
trew said:
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.
Click to expand...

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.
Click to expand...

Don't worry I'm sure Brotherjohn will put a spin on it - wait and see :D
 
hihosilver said:
pdkbffwleo said:
trew said:
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.
Click to expand...

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.
Click to expand...

Don't worry I'm sure Brotherjohn will put a spin on it - wait and see :D
Click to expand...

I love BrotherJohn. I was able to give up sleeping pills watching his videos.
 
6641_silvertards.jpg

Source: Silvertards
 
no matter how low it goes people always think it will go lower.. Same thing when its high ...its going higher

Usually based on emotion

Take emotion out and the mist clear

For me its a clear buy
it could go to $5 in a catastrophic financial event
But eventually it will find fair value
 
SO... I was sound asleep when IGmarkets alerts start going off like christmas tree lights and burry eye I peer at the screen and... Oh $h!+
1021_vvtfsass.png

I really hope this is not prophetic as it scared me just a tad :D
 
We have only 1 oz physical silver left!

Ok I said id buy at $18.00 silver about 6 months ago...did I really think it could go that low or lower! I thought it possible but not probable. So why am I not buying silver yet?
Even with all the long term fundermentals pointing silvers way even more than gold. I'm still thinking the GSR has not peaked and I've got a good vibe on Gold. So the vibe could be emotional or something else! I'm thinking something else as I make the iceman look hot lol
Enjoy your day, Physical Silver and Gold will have their day...that I know (-;
 
menotcrimex said:
Ok I said id buy at $18.00 silver about 6 months ago...did I really think it could go that low or lower! I thought it possible but not probable.
Click to expand...
;)
 
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