What do you all think? Buy now or buy later? >> $26.70/oz

lynsilverbullion said:
No I dont! It really sucks! I used the little I'd saved to buy back in february/march when it was at $30/31/oz!!

I want to buy now but dont have the darn coloured paper to pay for it!! I'm trying to find a part time job to balance with uni, till I have enough to buy myself a few more ounces lol;)
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Where is your printer? Just print more! :P
 
It always cracks me up (and I'm not having a go at anyone here!)

When spot was above $40 - people were always saying that if it fell below $35 again they would back up the truck. When it was at $35 people said if it fell below $30 they would back up the truck. I've heard people say if it ever got below XXX then they would back up the truck and yet whenever prices fall - everyone is very reluctant to buy.

I often find that when prices have a major fall - it is really hard to sell and yet when prices spike suddenly - I can't keep up with sales.

malachii
 
goldpelican said:
Anyone with a Stockcharts subscription that could post the above graph showing the RSI during 2008/2009?
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Not Stockcharts but here's a 5 year chart with RSI


xagusdo_pm07sep07_to_25aug12t.png
 
1482_phases.png

1482_phases2.png


Added the white line to theiain1's picture. Which I see as the 'norm'. Means we're still dipping and will dip below that white line before returning to the norm
 
is there ever a bottom or top its an endless line it has no brakes in it, i buy when i got the Fiat or else i spend it on some other crap and i know 100% its line goes down like forever till it hits zero at least with silver i got a fighting chance :)
 
malachii said:
It always cracks me up (and I'm not having a go at anyone here!)

When spot was above $40 - people were always saying that if it fell below $35 again they would back up the truck. When it was at $35 people said if it fell below $30 they would back up the truck. I've heard people say if it ever got below XXX then they would back up the truck and yet whenever prices fall - everyone is very reluctant to buy.

I often find that when prices have a major fall - it is really hard to sell and yet when prices spike suddenly - I can't keep up with sales.

malachii
Click to expand...


Thats human behaviour for you. Same in the sharemarket.
How often have you heard they will back up the truck if it drops further?
LOL!!
More than likely they have already sold the truck.

I think Silver is very oversold.
More so than Gold which to me is a very good indication to buy silver even though the price could drop alot further.

I still think the best indication is the Silver to Gold Ratio even though some investors don't accept that.

The Silver/Gold Ratio currently stands at 58.20
In the space of 4 months we have gone from 47.50 in February to its current position.

May not seem like much, but thats an extra 11ozs of Silver to pay for 1oz of Gold.

Another way to look at this ratio. If you are stacking to hedge against inflation or SHTF type of scenario
and you agree that both Gold and Silver have real value over Fiat currency even though we have to put a monetary value
to them in order to be able to Buy Sell or Swap, by sticking to Gold or Silver rather than trade between the two when the
Ratio is very elastic, in alot of ways defeats the purpose of stacking as an investment especially if your hedging against inflation.


If I had any physical gold now I would be selling it and converting it to Silver.
As the Ratio changes convert back to Gold.

Just my opinion.

Cheers markcoinoz
 
I would advise all you panic merchants to emulate my habitual ice calm demeanor in the face of threat - on internet forums anyway. I would remind you that at least two internationally renowned commentators have told us that the bottom is in - I speak of Marc Faber and Bullion Baron. I would point out to you that we have another 90c leeway before the level of the last two lows is reached - then it has to be breached. Clive Maund has scared gold and silver bugs before and then changed his mind as the chart changed. I rest my case.

silverchartjune22.png
 
finicky said:
I would advise all you panic merchants to emulate my habitual ice calm demeanor in the face of threat - on internet forums anyway. I would remind you that at least two internationally renowned commentators have told us that the bottom is in - I speak of Marc Faber and Bullion Baron. I would point out to you that we have another 90c leeway before the level of the last two lows is reached - then it has to be breached. Clive Maund has scared gold and silver bugs before and then changed his mind as the chart changed. I rest my case.

http://img692.imageshack.us/img692/1051/silverchartjune22.png
Click to expand...

I'd argue that global economic conditions have worsened since the last two lows and therefore would expect increased downside pressure before a renewed uptrend.
 
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