BootyBandit
New Member
Thinking about buying a Kilo bar today incase silver bounces back up, I personally dont see silver going below $30/oz anybody else think the same?
Are we in a Dip?
- Thread starter BootyBandit
- Start date
Technical analysis junkies are cheering a dip to ~$26 to form a strong reverse head-and-shoulders pattern. A fairly predictable pattern that would suggest a massive upswing on the horizon.
Hedge your bets... buy!
Hedge your bets... buy!
If you need us to tell you to buy, you're obviously not investing in the right thing.
I think we are in a dip for sure, as to where the bottom might be there's a lot of opinions out there ranging from we're allready there to "the end of the world is nigh"
My guess is that it could dip a bit further and may take up to another two to four weeks to find the bottom for this move. (please do not treat this as advice, if I knew what I was doing my cost average would probably not be $5 higher than current spot) :lol:
If I hadn't been a greedy pig during the dec/jan dip I think I'd be buying right now, and adding more if it dips further.
My personal strategy right now is to hold off a little to see if it dips further. I'm thinking USD31.50 might happen, and possibility of circa USD30 depending on the duration of this move, maybe even a quick spike lower to test the downtrend line around USD28 (or even a little lower if it drags on until next month before heading back up)
My guess is that it could dip a bit further and may take up to another two to four weeks to find the bottom for this move. (please do not treat this as advice, if I knew what I was doing my cost average would probably not be $5 higher than current spot) :lol:
If I hadn't been a greedy pig during the dec/jan dip I think I'd be buying right now, and adding more if it dips further.
My personal strategy right now is to hold off a little to see if it dips further. I'm thinking USD31.50 might happen, and possibility of circa USD30 depending on the duration of this move, maybe even a quick spike lower to test the downtrend line around USD28 (or even a little lower if it drags on until next month before heading back up)
systematic
Well-Known Member
A black sheep talking about dips is worth paying some attention to.
Silverbullet08
New Member
BootyBandit said:
I think its in a dip.... but im also going to buy 400 oz
Sultan Pepper
Member
I'd be stocking up at the moment, burnt most of my money last week in melbourne though, damn Casino.
No we're in a bubble . remember the 70s
systematic
Well-Known Member
Forcing a beach ball under water is also a dip but it cant stay there forever and it seems we are in a period of a fiat cycle that mathematically suggests it can't ...
Yip buy buy buy. if you turn your chart on the side you will see the infamous vertical zig zag formation, a sign buy buy buy in tangible assets such as real money, or sell sell sell in the case of paper assets. In which my completely unqualified advice would be to buy buy buy
Silvertronic
Member
mmmm..... silver dip....