Ok, it keeps going down. Officially state your buy point here for the record

tneig

Guess I said it in the title. Mine has been now and still going when I find a good deal. With due respect, Forget about the falling knife, buying on the upswing, and the chart analysis, because non of that or the other theories, seems to have held water over the last 3 years. You can't possibly know or predict how all the variables will dictate what's coming. I think we pretty much passed everyone's previous buy point from the last several years. Let the debate begin, but your first line has to be your stated buy points.

agentjim007

$700. Just watching it drop and thankful I own one gold coin and no silver. Keep going

Jinx86

After dumping money in the wifes car. Im just a spectator for now. Not that I was in the market to buy, Im still waiting for $15, but will pick up some pieces if the right opportunity knocks.

BAJJERFAN

Maybe when ASEs hit $400 a roll. Mite buy some gold under $1150.

Icollecteverything

Right now I'm thinking I will buy some silver at $16.00 but it depends on how we get there.

TJM965

Always buying. Unfortunately.

Motown

I would buy some at $1100 & $16

jmski52

I could be buying just about now. Doing my diligence.

reddwing

I must confess that i am a bit surprised by the fall in gold and silver. I am wondering how the mining companies are reacting to this and whether they will shut down or suspend operations at some point. If that happens what happens to silver supplies and how long before we see the effect of that. I do think we touch $15 an ounce.

guitarwes

$14 silver is my almost all in point. I don't buy enough gold to matter.

nibanny

I am still buying little here and there for the long run, I can't stay away of PM...
Though, I won't go heavy until Silver reaches $14-15 and Gold $1050-1100.

cohodk

the chart analysis, because non of that or the other theories, seems to have held water over the last 3 years.


It hasnt? LOL I guess you've been looking at the charts posted by the PM pushers.

OPA

<< <i> the chart analysis, because non of that or the other theories, seems to have held water over the last 3 years.


It hasnt? LOL I guess you've been looking at the charts posted by the PM pushers. >>





The warnings are well documented.

I'll go with the so called "PM manipulators" prediction from late last year or early this year.

Gold..........$1100
Silver.........$16

Julio

Been buying silver at under $20.00. Take care. jws

derryb

when it shows upward strength

92vette

Au $1170 approximate triple bottom
Ag not interested

greghansen

Every 10% down add another 3-5% to holdings. Base on last purchase, my next 'add to' purchase would be around $17.45 on silver.

Baley

My buy point is about where I slowed and then stopped buying when it went above it. 90% of my PM purchases were below $1000 gold and $15 silver

miklia

16.50 silver is where i start getting serious about it. SVM at 1.35 too.

DoubleEagle59

Anytime is a good time to buy silver.

I'd rather have an ounce of silver in my hand instead of a $20 paper bill.

icsoccer

$12 silver

miklia

<< <i>I'd rather have an ounce of silver in my hand instead of a $20 paper bill. >>



And I'd rather have 1.2.

OPA

<< <i>Anytime is a good time to buy silver.

I'd rather have an ounce of silver in my hand instead of a $20 paper bill. >>



I'll take you up on that....You can have ten of my generic 1 oz buffalo rounds for 10 of your $20 bills.
PM me for details

coolest

Lets see? China and Russia are buying gold at a rate greater than the total world production, India is buying as much gold as it can get. The COMEX has now sold/leased 100 onces of gold for each single once it has claimed to posses. LBMA in out of gold, or in a state of backwardation. Fort Knox is empty.
Conclusion: Gold is worthless only fereral reserve notes have value (sarcasm).
Keep the petro-dollar allive or we will bomb you, we might bomb you anyway as it's just good business!

Silver: $100/oz by sept 2015
Gold: $3500/oz by sept 2015

PerryHall

<< <i>when it shows upward strength >>

BAJJERFAN

<< <i>

<< <i>Anytime is a good time to buy silver.

I'd rather have an ounce of silver in my hand instead of a $20 paper bill. >>



I'll take you up on that....You can have ten of my generic 1 oz buffalo rounds for 10 of your $20 bills.
PM me for details >>



Bet he don't trade.

BAJJERFAN

<< <i>Lets see? China and Russia are buying gold at a rate greater than the total world production, India is buying as much gold as it can get. The COMEX has now sold/leased 100 onces of gold for each single once it has claimed to posses. LBMA in out of gold, or in a state of backwardation. Fort Knox is empty.
Conclusion: Gold is worthless only fereral reserve notes have value (sarcasm).
Keep the petro-dollar allive or we will bomb you, we might bomb you anyway as it's just good business!

Silver: $100/oz by sept 2015
Gold: $3500/oz by sept 2015 >>



Does anyone in this Government [other than the Mint] buy gold?

PerryHall

<< <i>$12 silver >>



There's a very good chance that a few of you guys may never buy silver again.

JohnnyCache

When/if silver reached $15, $1000 for gold, it would certainly start to raise my interest but I wouldn't likely buy a large quantity.

Now I might be compelled to buy more significant ounces at $12 silver and $800 gold, though I don't think I'll see those levels again, or certainly not anytime soon.


I did buy 5 ounces today just for fun.



JC

JohnnyCache

Duplicate post


My apologies

bidask

I will take a position in the GLD when spot hits $995.

RedTiger

Looks interesting right here, right now from a trading point of view for paper products. I may take a few more shots on the long side. I can't remember this forum ever being so standoffish to bearish.

For physical stackers, it still feels too early. There is no need to hurry. Any rally is likely to be so small that it would be tough for anyone except a dealer to profit much from the swing. It is worth repeating what I've been writing for a year or more: averaging down into a major bear market is the road to the poor house. This is clearly Ursa Major for silver and getting there for gold. A 50% decline from peak is a major bear, so gold $950 would make it a major bear. Silver is already past there passing $22 on the downside.

My timing isn't fantastic. I last added to my physical piles in a meaningful way at silver $30 as it was going down, and gold at $1350 while it was still going up. I wish I was as nimble or as prescient as some on this forum claim to be. I didn't sell any of my physical near the highs. It may be a long wait until those price peaks are exceeded.

renman95

We've all given our guesstimates, but what about timing? I'm thinking there's still a long grinding bottom to come....2015-2016.

BAJJERFAN

<< <i>We've all given our guesstimates, but what about timing? I'm thinking there's still a long grinding bottom to come....2015-2016. >>



But there likely will be some rallies along the way.

Weather11am

So tempting...

http://www.moderncoinmart.com/grab-bag-of-5-different-5-troy-oz-.999-fine-silver-america-the-beautiful-atb-coins.html

VanHalen

Prices right now are very tempting but when I buy lately it's been flipped pretty quickly.

When ASE rolls are at $380 I'll but a few to hold and that would be about $16 silver.

Au? If it falls under $1100 I'm long.

OperationButter

Always buying.

Hoping to grab a monster box sub $8k

BAJJERFAN

<< <i>So tempting...

http://www.moderncoinmart.com/grab-bag-of-5-different-5-troy-oz-.999-fine-silver-america-the-beautiful-atb-coins.html >>



ASEs are a better buy IMO.

Barndog

been putting my $ into real estate

renman95

<< <i>been putting my $ into moose-estate >>

jmski52

I've started to pay off the remaining chunks of the mortgage and I'm still accumulating cash. When there's "too much" cash, I buy some more gold or platinum and the momentary spot price is somewhat secondary. I've seen it rise and fall so many times that it really doesn't matter.

Overdate

I don't have a "buy point", I'm watching the dollar and will resume buying PM's when the dollar begins to show sustained weakness. Right now the dollar is way too strong, and "safe haven" buying may make it stronger in the short term.

derryb

<< <i>I don't have a "buy point", I'm watching the dollar and will resume buying PM's when the dollar begins to show sustained weakness. Right now the dollar is way too strong, and "safe haven" buying may make it stronger in the short term. >>


Dollar's inverse relationship with gold makes it a good indicator of PM price movement. The US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies. It is a weighted geometric mean of the dollar's value compared only with a "basket" of 6 other major currencies which are:

Euro (EUR), 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP), 11.9% weight
Canadian dollar (CAD), 9.1% weight
Swedish krona (SEK), 4.2% weight
Swiss franc (CHF) 3.6% weight

USDX goes up when the US dollar gains "strength" (value) when compared to the above currencies. Why is the dollar index currently strong?
(1) continued economic uncertainty in Japan and throughout europe.
(2) upcoming vote next week on Scottish independence. The increasing possibility of a yes vote is threatening the strength of the pound.

Note that a strong currency weakens it's host nation's exports which has a negative affect on employment. The FED says it is committed to improving US employment. If they are being truthful look for them to take steps to weaken the dollar. Keep in mind that the masters of the other six currencies also recognize the affect of currency strength on their respective export/employment situation, resulting in an ongoing "currency war" to remain weak.

1Mike1

<< <i>

<< <i>I don't have a "buy point", I'm watching the dollar and will resume buying PM's when the dollar begins to show sustained weakness. Right now the dollar is way too strong, and "safe haven" buying may make it stronger in the short term. >>


Dollar's inverse relationship with gold makes it a good indicator of PM price movement. The US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies. It is a weighted geometric mean of the dollar's value compared only with a "basket" of 6 other major currencies which are:

Euro (EUR), 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP), 11.9% weight
Canadian dollar (CAD), 9.1% weight
Swedish krona (SEK), 4.2% weight
Swiss franc (CHF) 3.6% weight

USDX goes up when the US dollar gains "strength" (value) when compared to the above currencies. Why is the dollar index currently strong?
(1) continued economic uncertainty in Japan and throughout europe.
(2) upcoming vote next week on Scottish independence. The increasing possibility of a yes vote is threatening the strength of the pound.

Note that a strong currency weakens it's host nation's exports which has a negative affect on employment. The FED says it is committed to improving US employment. If they are being truthful look for them to take steps to weaken the dollar. Keep in mind that the masters of the other six currencies also recognize the affect of currency strength on their respective export/employment situation, resulting in an ongoing "currency war" to remain weak. >>



Good post.

jmski52

Well, I almost bought some gold today, but I decided to give it another few days, just to see.

TwoSides2aCoin

Down is where the bear lies all winter long.

tneig

What has the dollar value been floating around at? Still in the .80'ish range?



<< <i>

<< <i>I don't have a "buy point", I'm watching the dollar and will resume buying PM's when the dollar begins to show sustained weakness. Right now the dollar is way too strong, and "safe haven" buying may make it stronger in the short term. >>

>>

derryb

<< <i>What has the dollar value been floating around at? Still in the .80'ish range? >>

OPA

<< <i>Well, I almost bought some gold today, but I decided to give it another few days, just to see. >>



Gold might break below the $1200 mark next week. You just saved yourself a few bucks by being patient. Personally I don't think that will be the bottom, but may be close to it. We shall see.

cohodk

<< <i>What has the dollar value been floating around at? Still in the .80'ish range?



<< <i>

<< <i>I don't have a "buy point", I'm watching the dollar and will resume buying PM's when the dollar begins to show sustained weakness. Right now the dollar is way too strong, and "safe haven" buying may make it stronger in the short term. >>

>>

>>




And to think, in 2007 all the PM bulls said the dollar index was going to 50.

Funny thing is, that the PM bulls are incapable of recognizing, the US dollar may be in the beginning stages of a major bull market. It the PM bull just take a moment to clear their biased brains, they just may understand what I am writing about. JMSKI, remember I set the tents at the dollar bull camp about 4 years ago?

perkdog

I will stop buying once Silver goes north of $22, until then Im accumulating at a lazy pace