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Silver is now past the $13 mark again....

tincuptincup Posts: 5,487 ✭✭✭✭✭
If it closes above $13 today..... does this mean it is breaking free and we can expect a run up next week?
----- kj

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    I don't know about the short term silver prices but my sell price is $100. I hope i see it during my lifetime.
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    the answer to this is

    NOPE!
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    Steve27Steve27 Posts: 13,284 ✭✭✭
    LEAP269 another dead thread resuscitator.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
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    For me silver and gold are the true reserve currencies. I would only redeem into dollars when I need to make a direct purchase.
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    tychojoetychojoe Posts: 1,336 ✭✭✭
    <<For me silver and gold are the true reserve currencies. I would only redeem into dollars when I need to make a direct purchase.>>

    Interesting point. Do you try to buy as much as you can on what seem to be dips, just hold a specific, capped amount, or try to maintain a certain percentage of your capital in reserve specie?

    I like the idea of never selling until there is a true, dire or imminent NEED. How do you decide how much to hold? Just keep adding from time to time as finances permit and dips occur?

    ----------
    John

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    MrKelsoMrKelso Posts: 2,913 ✭✭✭
    09/22/2006 06:36 11.28 11.35 +0.19
    +1.71%
    image


    "The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
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    john this is the time to be filling up the safety deposit box. all silver is good but bars and bags of 90% are the best. you want to buy it when it is low; so go get some.

    steve-- thanks for noticing
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    The only thing you can expect in the Metals Market is Change---Monex

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