Bye.The Rawdog is Getting Out of Silver!
The topic title then is wrong. Selling 1/6 of something is not 'getting out'.Greenman said:He has sold 1/6 of his silver stash so far. How do you sell a fraction of a 1 oz coin?
Pirocco said:The topic title then is wrong. Selling 1/6 of something is not 'getting out'.Greenman said:He has sold 1/6 of his silver stash so far. How do you sell a fraction of a 1 oz coin?
About "He says silver will rise to the mid 30's then be in the 20's by the end of March.", well, why not?
We had 3 months $27-28 last summer and despite all those claims about silver shortages, there wasnt any, just like there wasn't at $50 and $40.
I'm betting on $20's too, since we only saw a dump to $29,5, and the Comex side has more positions left than they had at previous $30 occasions.
So I tend to agree with that RawDog here, only that sell/buybackin isn't smthg I do. Also, sticking a moment (March) on a price, well, I assume he's just guessing, because I see nothing that provides a time span. Or is there some 'event' expected in march?
End 2012 could have been 5 kilo silver for me.
March will be 8-9 kilo.![]()
How do you know he/anyone is guessing? I see 'guessing' as stating something with nothing to start from. A statement without arguments.hem9 said:and if he can predict with any form of accuracy the direction and time of silver movement then he would be a millionaire and not doing youtube, but he can't and his 'guess' is as good as anybodies 'guess' and should not be taken seriously.
Pirocco said:How do you know he/anyone is guessing? I see 'guessing' as stating something with nothing to start from. A statement without arguments.hem9 said:and if he can predict with any form of accuracy the direction and time of silver movement then he would be a millionaire and not doing youtube, but he can't and his 'guess' is as good as anybodies 'guess' and should not be taken seriously.
Being a millionaire/youtuber or not, is no indicator of the degree at which somebody is able to correctly foresee things to come (although sticking a moment/month on it is likely just a guess).
But I do agree with expecting $27 to return. Hell, why not? Silvers bottom price tripled since 2008. Before, it doubled since 2002. The 2002-2008 was in line with alot other products around, the 2008+ wasn't. Hence we saw the $50, $39, $43, $35, $37.5, $35.5 profitgrabs, that wiped out quarters to thirds to even near to halves of the silver price.
As long as we don't see enough other price trends catching up on the 2008+ time frame, we can expect to see sub $30 revisited. Especially if people keep on paying the higher prices that were brought by the frontrunning moneyfornothing clubs around. All those that bought monsterboxes at $35 $40 $45 up to $49, they just gave away their dollars to people that predominantly didnt use them to buy silver. Because if they had done so, the price would have been driven back up to exactly where it came from, with as net change only the ownership.
I don't know what exactly RawDog's arguments were to swap 1/6 of the stack back to fiat, but he's now able to take advantage of that eventual much lower price, while in the couple years I'm in the silver 'business', I saw alot whining and complaining from people that used the moon as 'argument' to add big to the stack with asmiley at a price that turned out to already have been moon.
It's only 1/6 anyway. If he's wrong, and I'm wrong, ohwell, if the amount fiat starts to make me feel uncomfortable due to inflation loss, I'll buy other things instead. I already did over the past months and during past longer term moon prices. Sniffing out 2ndhand sites for bargains in various stuff me or anybody can use now or later, is as fun as for silver.
PS I can't watch youtube vids so everything I say is based on what I read here.
doomsday surprise said:So is he getting out or not?
Do stackers worth the title have an 'exit plan'?hem9 said:The mere fact that it is as likely to go to $27 as it is as likely to go to $35, makes it as good as a "guess". I have traded in property, shares, bonds, metals, art and business. It is all the same, prices go up and prices go down, it is all about the exit plan. I never said that he was wrong, all I said was that his "guess" is as good as anybody's "guess" thus not worth the 10 pages this tread lasted as anyone here can give you the arguement for and against metal purchase and thier opinion whether metals would be higher or lower but it is not taken as serious as this thread.
Pirocco said:Do stackers worth the title have an 'exit plan'?hem9 said:The mere fact that it is as likely to go to $27 as it is as likely to go to $35, makes it as good as a "guess". I have traded in property, shares, bonds, metals, art and business. It is all the same, prices go up and prices go down, it is all about the exit plan. I never said that he was wrong, all I said was that his "guess" is as good as anybody's "guess" thus not worth the 10 pages this tread lasted as anyone here can give you the arguement for and against metal purchase and thier opinion whether metals would be higher or lower but it is not taken as serious as this thread.
For ex, for me, silver IS an exit plan.
Exit euro, in the role of storage of value.
I do my best avoiding to pay silver prices that reflect alot people "with an exit plan".
Which I don't consider 'stackers'.
All I said was that there is a difference between guessing and speculating. You say that "The Rawdog" and anyone guesses.
People that use market/economical data to predict, I don't name 'guessers' but 'speculators'.
And I take this thread as serious as any other thread. Because I do my own silver-homework and anothers opinion/lie/whatever is one of the parts of that job.
Because, in the end, all of us together that buy/sell silver, MAKE the price.
I don't know if he's a guesser or a speculator, I'm not interested in guessers (you cant learn anything) but I am interested in speculators. To recognize which it is, it requires to know the arguments/data, and if goes like 'my gut feeling' then I know it's guessing.hem9 said:The main point is that raw dog is just another speculator and what sets him apart from anybody who has an opinion? If everybody who has an opinion garners 10 pages then this would be one boring and repetitive forum as everybody has opinions for and against silver. If you honestly believed "all of us together make the silver price", then you have to learn that all of the small "stackers" in the world mean nothing to the silver price if government, banks or other big wigs decide to move it in whatever way they want using paper silver. All of us combined don't even compare to the daily movement in the silver paper price so unless you are privy to that information then your guess is as good as mine is as good as raw dog, we are all speculating and that is basically akin to guessing.
hem9 said:Pirocco said:Do stackers worth the title have an 'exit plan'?hem9 said:The mere fact that it is as likely to go to $27 as it is as likely to go to $35, makes it as good as a "guess". I have traded in property, shares, bonds, metals, art and business. It is all the same, prices go up and prices go down, it is all about the exit plan. I never said that he was wrong, all I said was that his "guess" is as good as anybody's "guess" thus not worth the 10 pages this tread lasted as anyone here can give you the arguement for and against metal purchase and thier opinion whether metals would be higher or lower but it is not taken as serious as this thread.
For ex, for me, silver IS an exit plan.
Exit euro, in the role of storage of value.
I do my best avoiding to pay silver prices that reflect alot people "with an exit plan".
Which I don't consider 'stackers'.
All I said was that there is a difference between guessing and speculating. You say that "The Rawdog" and anyone guesses.
People that use market/economical data to predict, I don't name 'guessers' but 'speculators'.
And I take this thread as serious as any other thread. Because I do my own silver-homework and anothers opinion/lie/whatever is one of the parts of that job.
Because, in the end, all of us together that buy/sell silver, MAKE the price.
The main point is that raw dog is just another speculator and what sets him apart from anybody who has an opinion? If everybody who has an opinion garners 10 pages then this would be one boring and repetitive forum as everybody has opinions for and against silver. If you honestly believed "all of us together make the silver price", then you have to learn that all of the small "stackers" in the world mean nothing to the silver price if government, banks or other big wigs decide to move it in whatever way they want using paper silver. All of us combined don't even compare to the daily movement in the silver paper price so unless you are privy to that information then your guess is as good as mine is as good as raw dog, we are all speculating and that is basically akin to guessing.