TreasureHunter said:
Many stacked hoping it will top 50 $, prolly even hit 75 $.
Do you see that (75 $ silver) happening in the next 5 years? (until 2019)
If it goes very low, it will have to shoot up eventually. With all these crises around the World, I still feel were're going down to rock bottom only to climb high.
To speak for my case, when I bought silver in february 2011 when spot was $32, I was hoping that my move to the silver market would avoid another decade or more losing along a bank account.
I didn't have any price, higher or lower, in mind, let alone hoping to see $50 a couple months after I bought. The only feeling I had when seeing it running up to there, was pity, for all those other stackers after me, that were bound to fail their goal due to it.
In meantime, I joined them. And now I can feel pity for myself, and I do. But do you see me complaining? Instead, I educate myself, as to recognize where and who the risk is, to then monitor them, while attempting to give everything a place in a whole, as to understand them. Few days ago I let go a $18.8 buying opportunity. Because I saw reason to let it go. Using the methods I learnt, I concluded that the dip was, at least for the moment, over. And so was it. The same applies to higher prices. IF I see reasons to buy at $20 instead, I will do so. Why? Because it's better to buy at $20 than at $22. I will have done worser than at $18.8, but I will have done better than at $22.
But now I don't see reasons. Sideways or lower, I will buy more, while aiming on the lower. But I won't rely on a duck served on a plate. If it flies slow enough, I'll shoot it.
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