Last Chances at these Prices?
tneig
Posts: 1,505 ✭✭✭
Love when the Silver price lingers in the $26 range, as it seems to be the best of the low dips, and back to Dec 30, 2011 lows.
(same pattern w gold)
Any indicators that it could reach $25, $24, $23 before it takes the upswing w QE rumors?
(I feel like these are my last chances to get it at these prices...)
(same pattern w gold)
Any indicators that it could reach $25, $24, $23 before it takes the upswing w QE rumors?
(I feel like these are my last chances to get it at these prices...)
COA
0
Comments
Consider these values a 'gift from the Gods'.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
I've made buys at really low prices and really dumb high prices, but it has always worked out mainly because buying silver didn't wag the rest of the dog in doing so.
To put it another way, sometimes you feel like a genius, and other times you feel like you've just been had. After awhile, you ignore both of those feelings and just keep stackin'.
Occasionally, you sell off the odds & ends.
Fact is, you don't know what the market's going to do.
I knew it would happen.
The big PM dealers track speculation pretty well I would guess, right?
And it seems that any time I buy something, it triggers a drop in value
Putting these together I came up with this.
The PM dealers see a drop pending, they put their stuff on "sale" to get all the money they can before the drop. I see the sale and buy thinking I am getting a good deal... only to watch spot fall.
That said, I have been receiving a lot if PM sale fliers in E-mail form.
Ray
Haven't we also heard the exact opposite on these boards many times...ie, prices are down so the B&Ms, dealers etc "suddenly" have nothing for sale as they pulled their inventory to not want to sell at "depressed" prices?
That comment has been posted here numerous times as I recall.
Seems we sometimes just can't win no matter what we do or speculte.
Don't feel alone!
Best.
<< <i>Ray:
Haven't we also heard the exact opposite on these boards many times...ie, prices are down so the B&Ms, dealers etc "suddenly" have nothing for sale as they pulled their inventory to not want to sell at "depressed" prices?
That comment has been posted here numerous times as I recall.
Seems we sometimes just can't win no matter what we do or speculte.
Don't feel alone!
Best. >>
So effectively, dealers move the price back up due to supply and demand... With little selling at the lower prices, people get antsy and start to buy a little higher which pushes the SPOT back up. So, buying on the up is causing the price to go up. Naturally the thought process is to get as much as you can for your Silver, and if you are willing to pay $27.10, why not $27.20 and so on...
Tricky world we have here.
"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
<< <i>51/49 chance >>
huh?
Knowledge is the enemy of fear
"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
Entry and exit strategies are important in this game, it seems.
Too long of a hold is like kissing your sister for a lot of people.
Now if you're thinking "GO LONG".... here is a multi year assessment.
...and my opinion is ____________________
we could be looking at a multi year low.
<< <i>we could be looking at a multi year low.
Like we did in '08?
"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
The nominal prices on paper assets might go up due to inflation, but the risks associated with currency defaults or currency devaluations can affect all assets and the paper ones most of all.
It's all relative.
Silver looks pretty good by comparison, even if storing it is a pain. Price? Does price mean much? Only if your playing in a margin account, which isn't what I'd be doing right now anyhow.
I knew it would happen.
<< <i>I'm calling a bottom - going all in, both flavors."
I think we're close, still some manipulation to run through the system. However, it you believe Sinclair and/or Alf, can't get hurt buying at these prices. I'm a buyer tomorrow.
Got Gold?
I am now totally out of paper, except for the emergency stash in the coffe can, which is in my possession.
<< <i>Bought physical Au today.
I am now totally out of paper, except for the emergency stash in the coffe can, which is in my possession. >>
Still trying to catch that "falling knife?" Good luck.
<< <i>Still trying to catch that "falling knife?" Good luck. >>
OPA: Silver Price?
I'm listening, but I'm not getting a realistic example to apply. (How do you know when its a climb, or just the afternoon high?)
Postulate: "Lets say it starts to go up." (definition? steady, fast, duration...)
From today's price $27, what's a good price-range to start buying?
FWIW I caught my first falling knife at around $16 in 2008. Sure it kinda hurt at the time, but I still did very well. As others have said, you can't time the bottom, just make sure you don't miss good opportunities when they arise.
PS- Looks like the slew of "sales" at the big online dealers have subsided as well. I'd think this is a somewhat bullish signal.
Do you think this will affect supply?
Deep-sea explorers have pulled up 48 tons of silver treasure from three miles below the surface of the North Atlantic in what may be the deepest, largest precious metal recovery in history.
bob