I'm no chartist, but $ilver looks like a screaming buy @ $12

Newb

If it blows through $11.80 support like it did $16.50 then all bets are off.

Way oversold, IMO!

OneCent

It might be, but I personally do not believe that the destruction is over. The trend has been so incredibly down, that I do not see anything halting it until is has run its course....inertia.

In my opinion silver will be in the single digits soon. OTOH dollar cost averaging, starting at $12, on the way to a bottom of $8 might not be too bad. Especially if the bottom is higher.

Casman

I think it will drop back to $4.00, thats what it was at last time I bought...

cinman14

Good luck finding it for a 12 dollar spot price. I have searched 3 BST forums all day and haven't found any near
that spot price.

My local B@M pulled all they had. They left the ASE's they are still trying to sell for 19.50. Apmex has their generic
silver rounds for 17.50... 5 bucks over spot for generic rounds...

fc

<< <i>Good luck finding it for a 12 dollar spot price. I have searched 3 BST forums all day and haven't found any near
that spot price.

My local B@M pulled all they had. They left the ASE's they are still trying to sell for 19.50. Apmex has their generic
silver rounds for 17.50... 5 bucks over spot for generic rounds... >>



i agree. the best i can do at the B&Ms around here is about 155-160
for 10 Oz bars. no thanks at current prices.

I will wait until the dust settles and the B&Ms get new stuff in. Let
other people buy their expensive stuff.

cohodk

Nice chart Newb. You make that yourself?

jdimmick

I sold the remaining SAE rolls I had today at 315.00 each

jmski52

Nice chart Newb. You make that yourself?

I second that. It will be interesting to see what happens.

Bear

Bottom $8.70

jdillane

<< <i>Bottom $8.70 >>

Newb

Thanks cohodk and jmski! Just a quickie.

Like I said, I'm no chartist, but I've got Screencapture and MSPaint lol.

MsMorrisine

Woo

Buy at 12!

cohodk

@MsMorrisine said:
Woo

Buy at 12!

It was close to 12 just a scant decade after this thread started.

MsMorrisine

It was and indecision kept me from it.
I thought it would go lower.

Once it headed back I was too scared to do anything

blitzdude

@MsMorrisine said:
It was and indecision kept me from it.
I thought it would go lower.

Once it headed back I was too scared to do anything

Don't be scared. Buy low sell high

MsMorrisine

I'm still looking for sub 10 to bury myself in pounds of silver

cohodk

@MsMorrisine said:
It was and indecision kept me from it.
I thought it would go lower.

Once it headed back I was too scared to do anything

Yup. Its tough when you see it fail time and time again. And especially tough since its a nonproductive asset, no income or interest. That makes investing in it difficult. But the allure of quick gain is always enticing. Or patience is a virtue.

MsMorrisine

I think my problem is idecision surrounding picking tops and bottoms

dpoole

It takes tremendous discipline (and compelling life experience) to "buy low, sell high". The default of human nature is to sell when you've "given up" while stuff is in the doldrums, and to buy when things are surging, and everyone's excited.

It's why the select human species with ice water in their veins picks the rest of us clean, time after time.

ricko

The age old dilemma... and most do it the exact opposite... buy high - when all the excitement is raging, believing it will continue up....and sell low, as panic sets in, to get what one can before it is worthless....Trying to hit tops and bottoms have devastated many as well....Fun times people... Cheers, RickO