"What will it take? Is there any hope? Everything I thought would be in silvers favour has failed!
I'm in for the long run so not too worried but have no idea what will be good for PM prices now besides general inflation.
Hopefully someone with lots of money comes along and gobbles up a lot of cheap silver!!"
If we knew that Au and Ag were in long term uptrend and that this was just a correction in a long rise ------------- would we use language like 'how will silver recover' or would we use language more like "when this correction is over....."
well, if you look at long term charts - particularly Au ------------------ this atm looks exactly like a downtrend in a much larger uptrend - in other words, a correction.
Now, as painful as it is -------------------------------- aren't they always painful?
Isn't any 38% or 50% painful - like tearing a bee's guts out?
Wellllllllcome to the party.
Be assured, at this point, everything looks absolutely normal - go and vomit in the bin and have a drink. We are ok.
Now, if you own pm's because you think they are a long term store of value, safer than most things from the ravages of time and or inflation ----------- rest easy. If you think you can keep them in a hidy hole and forget them for a long time and still have something of value, almost no matter what - rest easy.
If you are storing them because of a shtf possibility ------------- rest easy - in fact, the present goings on might actually be proving you are well founded.
If you bought them for short term gain or as an 'investment' -------- then you might be learning why many of us say that is a no no.
Sure, it would have been great to have bought a truckload of silver at $4 and sold it at $49 and now be waiting in all that cash to buy back in again ----------- but, you didn't have a crystal ball, did you ------------------ and, you do realise that the world is in complete shit, is probably heavily manipulated AND that no one, but no one - knows where this is all heading ----------- there is no history on it ------------ get it straight, no bastard on earth knows the outcome of all these goings on.
So, when you decided to put that silver or gold in your safe or under you pillow because you thought it a good idea --------------- rest easy - you have not at all been proven incorrect.
If, in 10 years time, the same conditions exist - I might say you called it wrong --------- but atm - the world is basically buggered - and how often do you see a person when under extreme stress - makes completely the wrong decision?
Well, what makes you think that nations and corporations and self interested parties do any different ---------------------------- AND, above all else, this just might be (in fact I personally think so) one big giant trick.
--------------- Now, you can go out and panic. You can cry over lost opportunity. You can lament buying your stack. Or - you can sit back, have a drink and say ------------- well, I actually bought this stuff because I expected a wild ride ------------------ and, this is it.
Friends, in short - at this very moment - this looks like the finish of a major correction. The world is in the shit - and if indeed it is a correction - then the reasons you bought for are most solidly still in place.
have a great day
gazza
if that makes you feel butter.
