Navigating the Silver Bubble - my reflections.

[jjrici]

Great post Lord of Bullion.

Good to see that there are some reflective participants on this forum.

Makes a nice change from all the just 'dollar average' down from the parabolic highs (many of these participants are either nave or have vested interests in getting the 'mugs' to buy)

 

[Pirocco]

Silvers price goes where people buying/selling it bring it.
So actually, we are observing our own trading behaviour here.
Mine is at the moment ready to add more to my $30 average stack. Waiting for near $18 to increase my stacks weight with a couple percents. If there is one thing that I learnt from my erroneous purchasing decisions, it's that patience is a good thing for stackers, especially when forums exhibit positivity.
Look at all the negativity and doubt now. That's when you should be ready to do what others did during the positivity.

 

[Load of Bullion]

Makes a nice change from all the just 'dollar average' down from the parabolic highs (many of these participants are either nave or have vested interests in getting the 'mugs' to buy)

My pleasure Ya, I'm not into the "just dollar average" week after week plod. I'm certainly not guru investor though.

Silvers price goes where people buying/selling it bring it.
So actually, we are observing our own trading behaviour here.
...If there is one thing that I learnt from my erroneous purchasing decisions, it's that patience is a good thing for stackers, especially when forums exhibit positivity.
Look at all the negativity and doubt now. That's when you should be ready to do what others did during the positivity.

Great comment!!. Ya, the current general sentiment now is basically aligned with the graph. It is a continuum of the basic chart I've posted. The correlation is plain so see, now I have the benefit of hindsight.

 

[boneyard]

Good thread.

thanks & bump.

 

[sammysilver]

^ We are simply acknowledging human psychology and history. You choosing to avoid it...well, that's your deficit in my view.

And before you put words in other's mouth, no one here is asserting that there isn't a possibility that we could see a different dynamic emerge at any time, but if we don't understand history and human psychology, we are doomed to make the same historical mistakes and we maker ourselves victims to the same snake oil salesman.
.

I despair for your despair. Goat entrails are a more valid measure of where silver is headed; at least you know it's hokum. Comprehend the market forces, make value judgements, buy or sell on your own convictions. We are living through a totally different set of economic dynamics, and to spend your time looking back will limit your forward thinking. Be bold, tell us what's going on and why! Make the running, don't be wise after the fact. If we shouldn't be buying now, then be the first to tell us when we should!

 

[mmissinglink]

^ You've got to be kidding, SS. You come off like a really amateur tv commercial pitch guy trying to sell something that nobody wants. "Be bold" "Make the running", yadda, yadda, yadda. That's absolute nuttiness, dude.


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[dccpa]

Sammy, is the 5000 year thing really valid? I'm asking from the perspective that horses (as an example) would have been the major form of land transport during those years. There used to be an eccentric here who used to ride his horse to the pub every week, but he died a few years back. Now you don't even see horses.

I can understand that a horse would still have value, as food, or supplying manure to grow vegetables, but I think of that as just a reality. I wouldn't argue that it was so, simply because they were used for the 5000 years previous. If someone told me, well a pig is better because they poop more and taste better than horse, I would take the pig, and not be concerned at all with how long people have been eating either pigs or horses.

Sorry to use an analogy.

We are talking about silver which has a 5,000 year history as money. We are measuring it against fiat which has a 400 year history. If that fiat is the USD, then that has a 100 year history. What are your parameters? Let's talk the last week, nothing's happened. The last 6 months, still nothing's happened. Throw me a bone! The graph as it stands is a wiggly line.

The Chinese and others would disagree about fiat only having a 400 year history.

http://www.computersmiths.com/chineseinvention/papermoney.htm