Silver Spike...

Averaging down is always good. I would welcome 16 or 15 again but....yeah ain't gonna happen any time soon haha. Until the actual crash maybe.
 
If the price goes up I like it because my stack is worth more and also people start bringing all sorts of items to the market that we haven't seen for a while.

If the price goes down I like it because the cash pile that has been building can be utilised to enlarge the stack.

If the price stays the same then I can wait and pick up the nice items I am interested in as they come along.

I have a long term view and am happy with whatever happens.
 
The cost averaging strategy I'm using has flaws. I started buying over a year ago so when I saw metal prices going up, it was bad as I'll be cost averaging up. I was tempted to make a big buy when silver was $18 and gold at $1520. Luckily I managed to resist it and continued my regular cost averaging monthly buys. It is important not to deviate from the strategy regardless of how the market performs.
 
We should get a bump up before the next leg down.

What do you think silversale? Will we see a new high for silver and gold?
 
You got me there. If we got to the 2016 top or there abouts I will be very excited. I don’t see it just yet. I think we will see a bigger dip before going up there. If gold breaks $1520 then I will join you. Otherwise it’s $1350-1360 in gold.
 
openeyes said:
You got me there. If we got to the 2016 top or there abouts I will be very excited. I don’t see it just yet. I think we will see a bigger dip before going up there. If gold breaks $1520 then I will join you. Otherwise it’s $1350-1360 in gold.
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I'd reckon SilverSale is spot on. I've just bought again for a roughly 3 month 5th wave (Elliott Wave) move above US$20.
 
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