So price crept towards $21 = few weeks ago + $3. Any1 gettin' out?

Pirocco

Pirocco

Well-Known Member
Some weeks ago quite some people showed long sad faces and asked if their life savings were going into the crapper!
It's now $3 more.
That's certainly less life savings in the crapper!
It's better to get out now than at $18 folks!
Just saying! :D
 
Getting out, not me.

I had to buy another 100oz bar yesterday.
Seems like the media are unsure or arguing about the "real" inflation so I'm loading up a little more for the typically strong July/August/September run in silver and gold.
 
To hell with that! Still scraping up cash for dips.

Hella glad I spent every free dime I could since November last year--2 full monster boxes put a big smile on my face :)
 
Yeah me neither.
I enjoyed buying sub-$20 silver, hopefully see it again in the future, but I'm not going to wait for it.
An oz/week is pretty good if ya ask me, 2 oz is twice as nice.
Yep. Keep on truckin'...
 
Maybe I should put together a collection of the long sad face - posts of a few weeks ago, as give the question some addresses? :D
 
The guys and girls with the IShares silver shares apparently consider it a better time to get out:
data ounces [end of day price]
2014/02/20 324,134,298.300
2014/02/24 326,635,134.700
2014/02/26 328,077,858.700
2014/03/03 326,923,758.700
2014/03/05 326,803,953.400 $21.21
2014/03/31 328,342,132.600
2014/04/02 328,196,210.500
2014/04/04 328,869,119.100 $19.955
2014/04/21 330,599,095.50 $19.27
2014/04/28 327,235,616.50 $19.50
2014/05/01 331,463,664.50 $18.96
2014/05/06 331,804,055.50 $19.64
2014/05/22 330,651,273.10 $19.4
2014/06/02 333,052,558.10 $18.81
2014/06/06 332,907,484.60 $19.01
2014/06/12 331,851,084.20 $19.50
2014/06/16 329,930,428.20 $19.54
2014/06/19 328,778,111.40 $20.73
2014/06/23 327,337,730.40 $20.78
2014/06/24 326,281,497.20 $20.67 <- low since march.
PS that's what is done, is more sure than what is said. ;)
 
@ Pirocco,

I believe that some of the people whom you refer to as having long sad faces were not basing their opinion or negative sentiment on a momentary spike but rather comparatively to other meaningful ways or more profitable ways in which to invest their money. In my view, a momentary spike to $21 or $31 is not going to all of a sudden magically turn me into a permabull. Sentiment is primarily what drives the spot price and sentiment has a constant component of emotion and irrationality in it.

Besides, this is ostensibly a silver stacker's forum, not a silver permabull's forum...yes?

It seems clear to me that there are plenty of members here in the SS forum who are not all in on silver and they have invested some of their other money in other assets besides precious metals. Those other assets can face volatility and spikes as well. Does that mean that there's no good reason for people to express their negative sentiment on those assets?

Oh, and by the way, I do not plan ongetting out and never planned to even when spot was at $18.XX and won't plan to get out if spot drops to $14.



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toorak13 said:
what is this figure mean

326,281,497.20
Click to expand...
It's on the top of the list:
data ounces [end of day price]
Click to expand...
The amount troy ounces that the fund holds in depositories, as to link the Exchange Funds shares value to the silver price ('tracking').
If people buy more shares, the fund management buys more silver and adds it to that stock.
If people sell more shares, the fund management sells more silver and removes it from that stock.
326 million ounces silver.
10148,5 tonnes silver.
Source: http://us.ishares.com/product_info/fund/overview/SLV.htm
 
mmissinglink said:
@ Pirocco,

I believe that some of the people whom you refer to as having long sad faces were not basing their opinion or negative sentiment on a momentary spike but rather comparatively to other meaningful ways or more profitable ways in which to invest their money. In my view, a momentary spike to $21 or $31 is not going to all of a sudden magically turn me into a permabull. Sentiment is primarily what drives the spot price and sentiment has a constant component of emotion and irrationality in it.

Besides, this is ostensibly a silver stacker's forum, not a silver permabull's forum...yes?

It seems clear to me that there are plenty of members here in the SS forum who are not all in on silver and they have invested some of their other money in other assets besides precious metals. Those other assets can face volatility and spikes as well. Does that mean that there's no good reason for people to express their negative sentiment on those assets?

Oh, and by the way, I do not plan ongetting out and never planned to even when spot was at $18.XX and won't plan to get out if spot drops to $14.

.
Click to expand...
What I did here was comparing a situation at a previously lower price, with a situation at a later high price.
That's it. Apparently, that negativity then, was wrong. Those that sold there at $18-19, saw $21 since, which is surely a BETTER price to sell at, hence this topic.

Back then (LOL! A couple weeks ago! LOL!), I saw data that indicated a better time to buy. I did so. I tried to encourage others to do so too. Remember my topic about the 'quitters'? After seeing negative topic after negative topic, I started to wonder, HEY, if you see no future for silver, well GET OUT and leave it to those that DO see a future for silver. What happened since, made clear right and wrong, and that expressed negative sentiment (jested or not, I DID see quite some jesting in the past) was wrong. For now. In the end, we draw silvers future ourselves, the metal does nothing, we do. All together, we control it ourselves.

Those that don't buy higher, retain the ability to buy lower. They 1) prevent the price from increasing more and 2) prevent the price from dropping more.
I think that a more stable price is better for the silver market and the people on it. We buy it for monetary roles, and a stable price makes financial planning easier and market better.

Sentiment, magic, emotions, irrationality, permabull and meaningful?
I think you make it an eenie weenie tiny little bit harder than it is. :D
 
The part that you are getting wrong (or it's that you didn't explain your initial point well) is that no stacker here in the SS forum (that didn't have to sell) sold their stack. So, your point is moot. Some stackers here did express a contrarian opinion to the typical permabull view that is often represented here...and I believe those are the members who you are condemning as having long sad faces. Just because one has a long sad face during a time when a particular market is depressed doesn't mean that these people are jumping ship and selling their stack.


Anyway, I have found this graphic to be worth looking at from time to time:


8838_investment_cycle_-_bubble-phases.jpg




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Pirocco said:
Back then (LOL! A couple weeks ago! LOL!), I saw data that indicated a better time to buy. I did so. I tried to encourage others to do so too.
Click to expand...
I was going to buy more when you suggested.
But then I remembered how you had previously explained that if you know what price is doing, then that would constitute money-for-nothing-front-running, and amount to taking advantage of, and thieving from the sellers.
So I restrained myself..... :|
 
You'd probably want to get out about now, but doing that with physical on a weekly basis is hard.
If you're committed to stacking then it's pointless playing $2 moves - that's why physical sucks when the market is doing very little.

It'll fall under $20 again soon enough, then we're back to square one.
 
^ ...and probably hover around $18.50 for a while.....may even drop below $18 too. Gold and silver are volatile markets - anyone not knowing that yet better get learnin' it quick.



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DoolBrevlis said:
Aureus said:
physical sucks when the market is doing very little.
Click to expand...
hmmm, the market has done very little for a good long stretch now and physical has been more than satisfactory during imo
Click to expand...
Compared to what? :/
 
DoolBrevlis said:
wrcmad said:
DoolBrevlis said:
hmmm, the market has done very little for a good long stretch now and physical has been more than satisfactory during imo
Click to expand...
Compared to what? :/
Click to expand...
compared to nothing.
accumulation!
Click to expand...
Fair enough.
PM's do look OK lately if you don't compare them to anything else. :P
After all..... they are nice and shiny.
 
I only bought a month ago pirocco because you said so.

Now you saying sell. Wish you'd make your mind up. :P
 
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