Purchase before or after US election?
- Thread starter Neoag
- Start date
G
Guest
Guest
Before imo
Before
Silver
Just my not so cryptic 2
Silver
Just my not so cryptic 2
MetalHeart
New Member
I doubt it will matter much in regard to silver. I have to say though; I've never seen such pathetic candidates in my life. Approx 330 million people and this is the cream of the crop?? :|
Before and after? In general, people are ridiculously bad at timing the market. If bullion is your (one of your) choice(s) of investment product the best bet would be to buy on a consistent basis. If prices go shooting up, then you get some of the gain, if prices go plunging down you get some of the discount, if nothing happens, then maybe you lost out on some volume discounts.
I think it's still heading down a lot, but I still just buy at big dips of every dollar it goes down. You can never time it perfect, and don't want to be left with none if it shoots up. I ramp up as it goes lower so I make out better with time and each new lower price. If it drops a ton and hits a huge low in the next year I'll back up the truck at that point. That's me though. You can certainly wait for larger drops before buying. Buy whatever you're comfortable with. As long as you don't feel regret or stress as it drops more. Got 50 oz today at 19.03 per oz.
mmissinglink
Active Member
I reckon buying before the US election would save you money especially considering that the huge plunge we see right now will likely not last very long.
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Pirocco
Well-Known Member
It's just what is to expect, that $14>$21 was nearly entirely due to an order that never ends in delivery of the metal, instead it just serves as a hedge, with delivery in dollars.
Unlike pre 2011, ETF's caused no extra demand.
Then the hedge gets dumped, and with it, the price $ it caused.
Unlike pre 2011, ETF's caused no extra demand.
Then the hedge gets dumped, and with it, the price $ it caused.
Jim4silver
Well-Known Member
Looks like short term chart support has broken. I think we see at least a $16 handle if not lower. That's fine I like buying cheaper anyway. $20 was too high to buy right now if buying regular bullion.
PS I've reached the point where I cannot find ONE, not ONE, online PM guru/prognosticator that is worth a $hit! All those big named "billionaires", "hedge fund managers", "former CIA bogeymen or whatever" that keep posting commentaries are all f'n idiots.
Just my opinion.
Jim
PS I've reached the point where I cannot find ONE, not ONE, online PM guru/prognosticator that is worth a $hit! All those big named "billionaires", "hedge fund managers", "former CIA bogeymen or whatever" that keep posting commentaries are all f'n idiots.
Just my opinion.
Jim
Jim4silver
Well-Known Member
HoldMeTender said:
I don't know about you, but I don't hold myself out as a PM expert and write articles that get submitted to pro PM blogs, wherein such articles are ALWAYS promising "now it's time" or "the system will crash within 48 hours", etc. Said authors must either be outright lying or just pulling stuff out of their a$$e$. I can't think of one that has made a correct call in a long time and unfortunately I do still skim the articles because perhaps I hope one day they will make a correct call.
Don't know what you are getting at, perhaps maybe you write for some of the pro PM blogs?
PS I don't read EVERY PM website so maybe there is someone out there who does get it right now and then. Unfortunately those correct pundits aren't on the sites I look at that I can see.
Just my opinion.
Jim
?Here is a good market analysis: http://bullionexchanges.com/blog/2016/11/07/gold-silver-technical-updates-election/