This guy who was right before who I talked to today...
coin22lover
Posts: 3,539 ✭✭✭
So I was downtown today and decided to swing in on the coin shop that I don't go to because of their prices. Back before that first run up to $22, he had told me silver was headed to $18-$22. I didn't really believe it, and based on everything I was reading on various "forums" no one else though so either. But it happened. And today, he said to me that honestly, it's a bad buy right now...That at some point this year we're going to see low 20's and maybe even back to the mid teens. I tend to put much more faith in people with track records to believe in.
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Did he divulge any of the reasons he feels silver will retract by a full 1/3rd? Or was it just a gut feeling he has?
Cold call 200 people, tell 100 of them to buy XYZ stock because it's going up, tell the other 100 that XYZ is going down.
Two weeks later, call the 100 where you were right, tell 50 to buy ABC because it's going up, tell the other 50 ABC is going down.
Two weeks later, call the 50 where you were right twice, tell 25 to buy WidgetCo because it's going up, tell the other 25 WidgetCo is going down.
Two weeks later, call the 25 where you were right 3 times, and get them to invest with you, because they now think you're a stock market wizard.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
Silver was pumped by Cramer in the low 20's. Not good.
Silver is outpercentaging gold big time in this current run. Not good.
Silver is a volitile commodity. Not good.
I hope silver goes to 50 and gold to 2000, but it could fall easily to 15 beforehand. Markets are never predictable.
roadrunner