When would you stop for Sliver prices
MBAgold
Posts: 23
When would you stop buying Silver or Gold at? Both had a nice jump for the past 2 days. For me, I'll buy one more time when it goes south of 16 in this month. I'm staying cool even though silver is volatile.
<< <i>Gold and silver have many similarities, but they are also different in many ways. One big difference is their volatility. If owning gold is like flying in a 747, then owning silver is like flying in an F-15. With silver one needs to be prepared for heart-stopping reversals and zigs and zags that are all but unheard of in gold. >>
<< <i>Gold and silver have many similarities, but they are also different in many ways. One big difference is their volatility. If owning gold is like flying in a 747, then owning silver is like flying in an F-15. With silver one needs to be prepared for heart-stopping reversals and zigs and zags that are all but unheard of in gold. >>
Firefox, Sabayon Linux and Open Source ALL THE WAY!
0
Comments
<< <i>oh crap I just saw the mistake you pointed out
You can edit it by clicking on "edit" in the original post.
That reminds me of a roll of silver halves (Frankies and '64 Hairyheads) I owned as a kid. I wrote "SILVER" on the roll to remind myself that these weren't the cheap clad Kennedys. But I had difficulty writing on the roll, and when I looked at it again months later, it looked more like "JIDER."
Miles
I slowed way down when it approached 20 dollars....
As far as the OP's question goes....I am still buying up to $20, maybe an extra half buck or so on top of that. When silver was trying to touch $21, Feb-early March, I saw it hitting $25-$30 sometime this summer. The natural retreat to $16 and change (it HAD to make a serious thump downwards, it did, indeed, jump) allowed me to get some at a lower spot price than I thought, as I saw it hit a low of $17 and a couple cents.
Edited due to my post going towards a political rant, ONLY as reasons why I thought silver WILL hit that mark of $25-$30...I have to admit, youze guyz missed a pretty impressive rant, that wound up being rather long, but............I'll just leave it at... the economy is in big trouble, as it was back in the late '70's, and look what metals did then. In 2008, and not in my lifetime (46, I got 30 some...(yeah, right)....years left), silver wont hit $50 (unless a couple guys have a ton of money and get drunk, and decide to do what the Hunt bro's did), but silver's value WILL continue to go north, with dips, its inevitable. Expect numbers you didn't think you'd see. Buying up to $20, or so, selling at near $30 by the end of summer (remember, in New England, we have 'Indian Summer' that stretches to late Sept/early Oct), buy on the next dip, do it all over again. Gonna hit some nice highs, as well as return some nice profits. I gots my reasons, but....and I'll have to leave it at that....
No set prices as prices are only part of the equation.
I'll stop buying it when this bull run is finally over. When (not if) Ag gets to $50 and corrects to $35-$40 I'll buy some back. The same will be true at $100/oz.
roadrunner
Hey if it's good enough for Warren Buffet, it's good enough for me.
should get to $25 next year.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Dollar cost averaged, I'm still under $10.00, but I don't want to cash my chips in for paper quite yet. Pretty much play money anyway.
Edited to add the answer to the OP - probably never, but at the higher levels I'd want to cash in profits a little more carefully, and quicker.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
``https://ebay.us/m/KxolR5
Gotta believe that it's rising or at least LIFO, (last in first out). That way I don't have much risk in the market.
bob