Heaps of new members of late.

Hi I am a new member and it didn't,t have anything to do with the price of gold and silver. The timing of it with what you say is coincidental. However who knows what unconscious forces are at work in people so you may be right...
 
sterling-nz said:
There appears to be many more newbies coming through than i have noticed before.
If i am correct about a rush of new members then i see prices coming DEFINITELY hitting the $10.5- $11 USD mark.
Those of you who like crushing failed predictions (like me:) then book mark this one.
Between Oct 23rd and Nov 8th i see these prices coming to fruition and i do not think they will be heading back up in a hurry.
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Probably because people did not want to pay 18-50 an ounce for silver. Now that its dropped into the 14 dollar range it is selling at a price that will probably attract more buyers.

Also, you can insure your physical holdings by buying SLV puts.

I insured 100 ounces for 83 dollars. 10 months of insurance. every dollar under 14 silver drops my put goes up 1 dollar offsetting the cost basis. so if silver goes back to 8 dollars I can sell to close my SLV put for 600 dollars.

That cuts my cost basis down by 600 dollars.
 
Jim4silver said:
What about from 2001 to 2011, when silver went from $4 to near $50? Can you tell us what the contrarian indicators were then?
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First correction, $4 was an average price, $50 was a peak price. 2011's average price was $35.
So, what about from 2001 to 2011, when silver went from $4 to $35?
Well, alot contrarian indicators haha.
The number of pm related forums was about the lottery winning chance.
There was 1 pm dealer per square mile instead of 5. The other 4 were luxe cab renters and so on.
Pm ETF's and their stockpiles didn't exist.
Government pm sales were high.

Jim4silver said:
How about this as a contrarian indicator, back in 1999-2002, when England sold off half of its gold at the bottom of the market? How does that figure in to your analysis?
Jim
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That's pretty much The Number 1 contrarian indicator lol. Governments sell low and buy high, to inflict speculators 1) less fiat when selling, 2) less ounces when buying.
How about that?
 
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