Clench tightly or buy more ?

P

Photonaware

Active Member
Watching the charts I have to decide whether to squeeze my buttocks firmly or use this drop in price to buy more.
How are others reacting to the PM prices ?

Nursing a paper loss at the moment, so cost averaging looks like a smart idea BUT if the trend is to continue down then better not loose any more fiat.

Who is reading the tea leaves and what is the outlook ??
 
I have spoken to members of the "Elite" who set prices and they said it is a good time to buy. Nothing like knowing the Elite :)
 
5 year chart looks like a buy.
6 month chart looks like it may fall further.

For Silver Tea leaves are at $17.49 or lower

Coffee Beanz show $1111 or less for gold due to paper gold sell off
 
Photonaware said:
Watching the charts I have to decide whether to squeeze my buttocks firmly or use this drop in price to buy more.
How are others reacting to the PM prices ?

Nursing a paper loss at the moment, so cost averaging looks like a smart idea BUT if the trend is to continue down then better not loose any more fiat.

Who is reading the tea leaves and what is the outlook ??
Click to expand...

Nothing like doubling down to really increase a loss. Jim Rogers thinks the gold correction has another year or two to go and he is not buying at current levels. Rogers is almost always correct. My subscription service believes gold is likely headed down to the $1000 area and it is not Armstrong.
 
Hmm. I'm still buying and actively hunting for a few niche items but not for regular bullion.
 
House said:
^^^and what do the charts suggest for gold? :p
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as the Russland people said it,

impotent , its is flat or going down :(

does the chart looks like a directional guide?
 
buy bullets to get ready!

if time gets tough then get a 3D printer.

if its get worst, print yourself a hand gun.

then put the bullion in the chambers and pull the printed gun trigger

boom, go the heaven. I mean the silver price. :)
 
Photonaware said:
Who is reading the tea leaves and what is the outlook ??
Click to expand...

I'm hearing a lot of people saying prices will be flat or down for a year and then start heading up pretty quickly.

I don't trust myself to pick the bottom or top with any huge degree of accuracy and to be honest I don't want to spend the mental energy focusing on the perfect time to back up the truck either. I'm much better off spending my time creating extra income.

If prices are going to be flat or lower for a while that suits me perfectly - I'll be buying regularly and often, keep my cost average down and accumulate a decent chunk of metal beyond my core stack that I may decide to sell into a rising market further down the line.
 
Big A.D. said:
Photonaware said:
Who is reading the tea leaves and what is the outlook ??
Click to expand...

I'm hearing a lot of people saying prices will be flat or down for a year and then start heading up pretty quickly.

I don't trust myself to pick the bottom or top with any huge degree of accuracy and to be honest I don't want to spend the mental energy focusing on the perfect time to back up the truck either. I'm much better off spending my time creating extra income.

If prices are going to be flat or lower for a while that suits me perfectly - I'll be buying regularly and often, keep my cost average down and accumulate a decent chunk of metal beyond my core stack that I may decide to sell into a rising market further down the line.
Click to expand...

for my 2 bobs worth I'm with Big A.D. on this one- if you're long term - IMHO the dividends will be down the track :D
 
Buying in small amounts because I want to put some away but also saving dollars because each week brings slightly lower prices. Holding too many dollars makes me itch even knowing lower prices are coming.
 
Surely there will be tonnes of gold bought with bitcoin profits on here alone. Imagine China! Big rally coming for gold
 
Nedsnotdead said:
Surely there will be tonnes of gold bought with bitcoin profits on here alone. Imagine China! Big rally coming for gold
Click to expand...

I was thinking the same thing. For all you know they will plough their profits into PMs.
 
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