Silver to A$20/oz

DanielM

DanielM

Active Member
Silver Stacker
Ok what would be YOUR ideal (reasonable) price for silver and why?

Personally I'd like to see $20/oz because I'm new to silver and I'm not in it for wealth at this stage, I like buying here and there when I can and a lower price would allow me to buy more
 
18 USD as I don't see it dropping lower thsn $12 worst case

Best Case is doesn't drop any further

What's reasonable, buying now down to the bottom, don't think you can go wrong long term on that
 
I would like to see it in the mid 30s.

I think that is a fair price, not too high or low considering all the issues floating around.
I don't want to see it falling much more than it has already or I'll start to properly worry about it.
 
Retracing this far from $35 and not restesting $26 would be weird, a break of $26 would mean 17-20ish... IMHO nothing new caveat caveat
1021_b_wave.jpg

http://stockcharts.com/public/1269446/chartbook/162802799;
 
I had it pegged at under $26aud for silver and $1500aud gold. Then upward for the rest of the year.
Hope it does not drop to much more. The lady friend is loving the fact I'm behind at the moment. Im long term so see it as a buy time.
 
I agree with you Chillidog, I definately see it as a buy for those who have the disposeable income available.

Note to newbies and lurkers, my opinion is not to go into debt to invest in metals 'cause you could be going backwards. Spend, and thus save, only what you can afford.
 
Naphthalene Man said:
I agree with you Chillidog, I definately see it as a buy for those who have the disposeable income available.

Note to newbies and lurkers, my opinion is not to go into debt to invest in metals 'cause you could be going backwards. Spend, and thus save, only what you can afford.
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Normally sound advice however I say if you see gold at sub $1377 USD or Silver at Sub $18.00 USD I will be spending my over draft on pm's
This would be what I would do, it is not advice and may not be suitable to you.

Spend the banks money......before they spend yours....bank run anybody lol
 
I assume it'll retest $26.

If it drops through that though, I'll start to wonder what the fuck I was doing with my money.
 
Naphthalene Man said:
I agree with you Chillidog, I definately see it as a buy for those who have the disposeable income available.

Note to newbies and lurkers, my opinion is not to go into debt to invest in metals 'cause you could be going backwards. Spend, and thus save, only what you can afford.
Click to expand...
+1000

I try to avoid debt like the plague


As for the others buying from now till it bottoms, I pretty much buy whenever I can afford it but now I think is a much better time then afew months ago, I can see it hitting $20 but I wouldn't hold my breath as for going under it, I don't really see it but you never know
 
RetardedMonkey said:
I assume it'll retest $26.

If it drops through that though, I'll start to wonder what the turtle I was doing with my money.
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a hedge, short at 25.85 with stops @ 26.52 would be more then prudent
 
Phiber said:
Me too, don't want to see the metals fall too low.
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In comparison to the cost of pulling these metals out of the ground, refining, minting, then putting back in a hole in the ground and pay someone to protect it, then I don't think it will get too low
 
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