Silvers fall from Grace

SilverTouch

SilverTouch

Active Member
Silver Stacker
Wow waking up and seeing this :/

But the question is has silver properly broken through the triple bottoms first been 26/09/11, second being 29/12/11 and thirdly 28/6/12 ?????????

If so it looks like the next point down will be around ($25.01-$24.95)USD

The next 2 trading days should tell
 
Best to make advantage of this dip...even a small purchase will improve our stack size.
 
Yeah im in the mood for one of those 500g minted PAMP bars :) buuuut i i still would like to see if this will properly break through or is it a false break we will have to wait and see
 
I nearly bought unallocated silver last night at $870/kg, this morning it is $825.50/kg.

Just by going to sleep I saved $45, easiest $45 I ever made!

Will it go lower? Who knows, I still have some dry powder.

I am still a buyer so the lower it goes the happier I am, I am a long way from selling.

Still, the GSR hasn't changed much and gold took a massive dive, what are the odds...
 
I have bought at $25 - $35 p/oz. Being a newb I just stacked on as I could afford it and I don't regret the price drop.

Going back through old threads on this site I notice a pattern in behaviour:

(A) when the price is high - people are positive. the for sale thread moves at a dizzying pace. everyone is buying something.

(B) when the price is low - out come the fear, the negativity - which makes sense, but will not help you.

If you are here, you probably believe in silver, are willing to take a gamble and realise the writing is on the wall for fraction reserve banking and it's ponzi swindles - so unless you plan on re-writing your fundamental beliefs in the world and how it works - HOLD STRONG and BTFD's.
 
Its difficult to see Silver drop through the $26.50 level which has been support for so long.

Beats me, where we are headed now.
 
Let the paper price continue to fall for another week and keep buying. I bet all the elite are doing just that pre war. Makes sense.
 
Hate to add to the bearish sentiment when I know most people who have at least some pure bullion are hurting a lot,but I think $20 is realistic down the road. There's a decent level around $24 SLV for a bounce but I have said for a long time that I felt it was going a lot lower.

I really think that a shift of thinking and only buying higher quality limited mintage or collector bullion coins at a bit higher premium is the better option.
 
upandaway said:
Hate to add to the bearish sentiment when I know most people who have at least some pure bullion are hurting a lot,but I think $20 is realistic down the road. There's a decent level around $24 SLV for a bounce but I have said for a long time that I felt it was going a lot lower.

I really think that a shift of thinking and only buying higher quality limited mintage or collector bullion coins at a bit higher premium is the better option.
Click to expand...
I'd say more
realistic even $15/oz ...

when talking in terms of probabilities even $0.1 is possible
 
worldbubble said:
upandaway said:
Hate to add to the bearish sentiment when I know most people who have at least some pure bullion are hurting a lot,but I think $20 is realistic down the road. There's a decent level around $24 SLV for a bounce but I have said for a long time that I felt it was going a lot lower.

I really think that a shift of thinking and only buying higher quality limited mintage or collector bullion coins at a bit higher premium is the better option.
Click to expand...
I'd say more
realistic even $15/oz ...

when talking in terms of probabilities even $0.1 is possible
Click to expand...

Not when it costs $7 - $11 to get out of the ground.
 
roman said:
worldbubble said:
upandaway said:
Hate to add to the bearish sentiment when I know most people who have at least some pure bullion are hurting a lot,but I think $20 is realistic down the road. There's a decent level around $24 SLV for a bounce but I have said for a long time that I felt it was going a lot lower.

I really think that a shift of thinking and only buying higher quality limited mintage or collector bullion coins at a bit higher premium is the better option.
Click to expand...
I'd say more
realistic even $15/oz ...

when talking in terms of probabilities even $0.1 is possible
Click to expand...

Not when it costs $7 - $11 to get out of the ground.
Click to expand...

Yep. In this period in history if silver falls to $15.00 where are you going to get it? And where is new supply going to come from if there is no profit in extracting it? Paper price might reach $15 but you aren't going to be able to find any to buy.
 
bloomst said:
Best to make advantage of this dip...even a small purchase will improve our stack size.
Click to expand...
Now that you mention it, my personal flea market silver coin hunter visited yesterday, with 3 coins.
It was ago from summer last year. Maybe I should sync my large concentrated silver purchases with his visits, I would have bought when spot was $26 instead of $29
 
Jonesy said:
roman said:
worldbubble said:
I'd say more
realistic even $15/oz ...

when talking in terms of probabilities even $0.1 is possible
Click to expand...

Not when it costs $7 - $11 to get out of the ground.
Click to expand...

Yep. In this period in history if silver falls to $15.00 where are you going to get it? And where is new supply going to come from if there is no profit in extracting it? Paper price might reach $15 but you aren't going to be able to find any to buy.
Click to expand...


Nevermind $15, A couple of Euro dealers I use have fixed prices higher than the close or stopped selling altogether on both metals already. Still think another down day either Monday or Tuesday, would love to finally see the enough is enough fracture between metal and paper!
 
Jonesy said:
roman said:
worldbubble said:
I'd say more
realistic even $15/oz ...

when talking in terms of probabilities even $0.1 is possible
Click to expand...

Not when it costs $7 - $11 to get out of the ground.
Click to expand...

Yep. In this period in history if silver falls to $15.00 where are you going to get it? And where is new supply going to come from if there is no profit in extracting it? Paper price might reach $15 but you aren't going to be able to find any to buy.
Click to expand...


I cant see silver reaching $15/oz ever, well i hope lol

As for getting out if it did why would you sell, it would just be one of those things im in for the long long haul now and just forget about it.

Am i worrying about the current prices? No, its just allowing me to buy the same amount of silver at a discount :D im a Silver Stacker and this is my chance to accumulate more
 
bloomst said:
Best to make advantage of this dip...even a small purchase will improve our stack size.
Click to expand...

i am sure that there were many a recent person who stated likewise when silver was north of US$40.

What i don't understand is why fight the trend.
The trend is obviously negative, so just sit on the side lines and be patient.

All this lar de dah talk about fiat currency, yet its that fiat currency that is used to 'pay you' whether that is in the form of wages, investment returns from non-precious metal investments, what ever.

So why not use that fiat currency to purchase precious metals when it makes sense to.

And when does it make sense?

When an obvious bottom has been reached. And we will know when this has occurred because the charts will tell us so.

Far to much, dot.com buying after the bust thinking on this forum.
 
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