Ag spot now down 13 trading days in a row in USD

[Holdfast]

My plan: buy a lot now, if it goes to $10usd buy a lot later.

It's going to 9.80 USD...briefly

 

[SpacePete]

My plan: buy a lot now, if it goes to $10usd buy a lot later.

It's going to 9.80 USD...briefly

That's when he panics and sells everything, and we back up the truck

 

[phrenzy]

At $9.80 I'm selling a kidney to buy more.

 

[Holdfast]

There will always be bargains.

 

[SilverDJ]

Hello all, I'm a newbie in precious metals purchasing and I was wondering with the recent price dips in silver is it smarter to buy now or hold out? With all of the current events in the world news, what is the predicted outcome?

No one knows, and don't let anyone convince you otherwise.
All we know is that silver is at 5 year lows.

 

[prince_of_sales]

Hello all, I'm a newbie in precious metals purchasing and I was wondering with the recent price dips in silver is it smarter to buy now or hold out? With all of the current events in the world news, what is the predicted outcome?

No one knows, and don't let anyone convince you otherwise.
All we know is that silver is at 5 year lows.

5 year lows aren't that low though. In US dollars at least. If you wanted to be absolutely confident you were getting in on a bottom, you'd buy at the 2008 low. Gold and Silver both aren't at that level yet.

If gold and silver goes below that point and stays there long term, we've all made a big mistake in anticipating inflation.

We have the AUD to contend with as well, the low in 2008 for silver in the AUD was $13.13 or thereabouts.

 

[SilverDJ]

5 year lows aren't that low though. In US dollars at least.

Who says the 5 year low isn't the lowest it will go in a long term trend?
It's simply a statement of fact, we are at a 5 year low. However you interpret the future is up to the individual.

If you wanted to be absolutely confident you were getting in on a bottom

There is no such absolute confidence, except with hindsight.

, you'd buy at the 2008 low.

Why? What's so special about 2008? Is it the temporal junction point of the entire space-time continuum?
Why can't the future price drop below 2008 levels? Who says it can't?