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Where's the bottom now? (POLL)

vibr0nicvibr0nic Posts: 614 ✭✭✭
in Precious Metals
We've corrected a bit more than I expected already, but I'm just a stacker anyways. Just looking to feel out the board on this.
I like large size currency and silver dollars.

Comments

  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    Who knows, certainly not me. I would not be surprised to see it level out anywhere from the low 20's to upper 30's. Don't try to time the peaks and valleys, almost none of us can do that. Just buy when you are comfortable with the price.
    JCM-Houston
    World Collection
    British Collection
    German States Collection
  • vibr0nicvibr0nic Posts: 614 ✭✭✭


    << <i>Who knows, certainly not me. I would not be surprised to see it level out anywhere from the low 20's to upper 30's. Don't try to time the peaks and valleys, almost none of us can do that. Just buy when you are comfortable with the price. >>



    low 20s to upper 30s. That's a huge range image

    I've started buying again in small chunks since we dipped below 42. Over the last 3 days, I've made 4 separate equal purchases of 90% including one today. I'll keep buying as it keeps falling.

    I'm always most comfortable buying when it goes up later. image
    I like large size currency and silver dollars.
  • cjmezzcjmezz Posts: 467
    just a guess....$28-$30
    "When someone tells you nothing is impossible, ask them to dribble a football"

    MANY positive BST Transactions
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Any of those prices look long term attractive for adding to my stack.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    volatility doesn't affect my stack at all, it's a long term hold and the fundamentals ALL support long term record prices.
    However, volatility is great for paper trades, as long as the right call is made. I'm calling for a continued drop to 29. If correct I should make some good money on my recent switch from AGQ to ZSL.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    All the PM's & commodities, except the "good old worthless" US dollar, are taking major hits today. It's any-ones guess if the correction has run it's course.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • ChrisRxChrisRx Posts: 5,619 ✭✭✭✭
    I agree nobody knows. My guess is $20.
    image
  • 291fifth291fifth Posts: 24,336 ✭✭✭✭✭
    Under $20, though it may take awhile to get there. The collapse back in the early 1980's took place over quite a bit of time as one after another false bottom was reached and a short term recovery took place.

    All glory is fleeting.
  • percybpercyb Posts: 3,324 ✭✭✭✭
    I'm not sure how low it will go, but I'm buying again on Monday when the last of the margin requirements take effect. The sell off should end then.
    "Poets are the unacknowledged legislators of the world." PBShelley
  • AhrensdadAhrensdad Posts: 2,583 ✭✭✭
    $26.85
    Successful BST Transactions with: WTCG, Ikenefic, Twincam, InternetJunky, bestday, 1twobits, Geoman x4, Blackhawk, Robb, nederveit, mesquite, sinin1, CommemDude, Gerard, sebrown, Guitarwes, Commoncents05, tychojoe, adriana, SeaEagleCoins, ndgoflo, stone, vikingdude, golfer72, kameo, Scotty1418, Tdec1000, Sportsmoderator1 and many others.


    Please visit my website Millcitynumismatics.com
  • ChrisRxChrisRx Posts: 5,619 ✭✭✭✭
    A song about silver?

    image
    image
  • RedHerringRedHerring Posts: 2,077 ✭
    $28 or $29 is my guess.

    Gold could go sub-$1400 very soon too.

    The Bear is back in town. image
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>Under $20, though it may take awhile to get there. The collapse back in the early 1980's took place over quite a bit of time as one after another false bottom was reached and a short term recovery took place. >>



    If I recall, the collapse was over in 1983...
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • cjmezzcjmezz Posts: 467
    i would like to change my guess, at this rate......i see the bottom at $2 an oz.........by next Friday!! image
    "When someone tells you nothing is impossible, ask them to dribble a football"

    MANY positive BST Transactions
  • JulioJulio Posts: 2,501 ✭
    I GUESSED $25 or below. No one knows. Take care. jws
    image
  • bretts911bretts911 Posts: 764 ✭✭✭
    I said $25 a few weeks ago so im sticking to that. image
  • RichRRichR Posts: 3,858 ✭✭✭✭✭

    Who knows...but if someone can explain oil (along with all the PMs) dropping over $10/barrel today...I'd like to hear that explanation!

    Seems like all the big money Wall Street bank types are in the process of raping the little folks...AGAIN!
  • RedHerringRedHerring Posts: 2,077 ✭
    Looks like Goldman and JP are short on a lot of things this week!
  • 291fifth291fifth Posts: 24,336 ✭✭✭✭✭


    << <i>Who knows...but if someone can explain oil (along with all the PMs) dropping over $10/barrel today...I'd like to hear that explanation!

    Seems like all the big money Wall Street bank types are in the process of raping the little folks...AGAIN! >>



    Did you expect anything else?
    All glory is fleeting.
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    Just a bit of perspective -- we were under $20 last autumn. $20 seems to be fairly stable number which we've seen the last couple of years -- we've been there much of the time except for the collapse in late 2008/early 2009 during the financial crisis.

    I don't think we'll necessarily get to $20, since that would retrace the entire rise since last September; but I could easily see a bottom in the low 20s.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    I bought my last silver at $28.

    I'll buy my next silver at $28.

    Liberty: Parent of Science & Industry

  • agentjim007agentjim007 Posts: 6,256 ✭
    Aren't you guys buying the "dip" ?
  • pf70collectorpf70collector Posts: 6,641 ✭✭✭
    Next is the stock market. Perhaps a couple thousand points to take profits and start all over again.
    Montana State Quarter Die Clash

    Box of 20
  • fiveNdimefiveNdime Posts: 1,088 ✭✭
    SWAG >$35.



    << <i>I bought my last silver at $28.
    I'll buy my next silver at $28. >>


    last bought @10X face; and ive been trading up with it since
    last sold @25X face
    BST transactions: guitarwes; glmmcowan; coiny; nibanny; messydesk
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭


    << <i>Aren't you guys buying the "dip" ? >>



    Ha. I'm a cash position. There's no dip to buy yet, either in silver or in stocks.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • RobertSRobertS Posts: 485
    I bought at 45.50 OUCH might wait to see if it drops a little more and then buy again.
  • DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭
    Personally, I think $28 to $32.

    I would honestly welcome anything in the low $20's.

    Truly a great opportunity to 'back up the truck', as they say and buy with both hands!!
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    Bought a tube of Prospectors today for $700. Maybe cheaper next week or maybe not . . .

    Doesn't matter cause I'm holding for a LOOOOONG time ! ! !

    HH

    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
  • 1970SilverArt1970SilverArt Posts: 482 ✭
    I think that silver will ultimately bottom out at $26 sometime this Summer (Late June/Early July) before it makes a small recovery later in the year.
    DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
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