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I'm no chartist, but $ilver looks like a screaming buy @ $12

NewbNewb Posts: 1,401
in Precious Metals
If it blows through $11.80 support like it did $16.50 then all bets are off. image

Way oversold, IMO!



image

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    OneCentOneCent Posts: 3,561 ✭
    It might be, but I personally do not believe that the destruction is over. The trend has been so incredibly down, that I do not see anything halting it until is has run its course....inertia.

    In my opinion silver will be in the single digits soon. OTOH dollar cost averaging, starting at $12, on the way to a bottom of $8 might not be too bad. Especially if the bottom is higher.
    imageimage
    Collector of Early 20th Century U.S. Coinage.
    ANA Member R-3147111
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    CasmanCasman Posts: 3,935 ✭✭
    I think it will drop back to $4.00, thats what it was at last time I bought...image
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    cinman14cinman14 Posts: 2,489 ✭
    Good luck finding it for a 12 dollar spot price. I have searched 3 BST forums all day and haven't found any near
    that spot price.

    My local B@M pulled all they had. They left the ASE's they are still trying to sell for 19.50. Apmex has their generic
    silver rounds for 17.50... 5 bucks over spot for generic rounds...image
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    fcfc Posts: 12,789 ✭✭✭


    << <i>Good luck finding it for a 12 dollar spot price. I have searched 3 BST forums all day and haven't found any near
    that spot price.

    My local B@M pulled all they had. They left the ASE's they are still trying to sell for 19.50. Apmex has their generic
    silver rounds for 17.50... 5 bucks over spot for generic rounds...image >>



    i agree. the best i can do at the B&Ms around here is about 155-160
    for 10 Oz bars. no thanks at current prices.

    I will wait until the dust settles and the B&Ms get new stuff in. Let
    other people buy their expensive stuff.
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    cohodkcohodk Posts: 18,688 ✭✭✭✭✭
    Nice chart Newb. You make that yourself?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    jdimmickjdimmick Posts: 9,611 ✭✭✭✭✭
    I sold the remaining SAE rolls I had today at 315.00 each
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    jmski52jmski52 Posts: 22,441 ✭✭✭✭✭
    Nice chart Newb. You make that yourself?

    I second that. It will be interesting to see what happens.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    BearBear Posts: 18,954 ✭✭
    Bottom $8.70
    There once was a place called
    Camelotimage
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    jdillanejdillane Posts: 2,364 ✭✭✭


    << <i>Bottom $8.70 >>



    image
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    NewbNewb Posts: 1,401
    Thanks cohodk and jmski! Just a quickie.

    Like I said, I'm no chartist, but I've got Screencapture and MSPaint lol.
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    MsMorrisineMsMorrisine Posts: 32,360 ✭✭✭✭✭

    Woo

    Buy at 12!

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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    cohodkcohodk Posts: 18,688 ✭✭✭✭✭

    @MsMorrisine said:
    Woo

    Buy at 12!

    It was close to 12 just a scant decade after this thread started.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    MsMorrisineMsMorrisine Posts: 32,360 ✭✭✭✭✭

    It was and indecision kept me from it.
    I thought it would go lower.

    Once it headed back I was too scared to do anything

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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    blitzdudeblitzdude Posts: 5,514 ✭✭✭✭✭

    @MsMorrisine said:
    It was and indecision kept me from it.
    I thought it would go lower.

    Once it headed back I was too scared to do anything

    Don't be scared. Buy low sell high

    The whole worlds off its rocker, buy Gold™.

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    MsMorrisineMsMorrisine Posts: 32,360 ✭✭✭✭✭

    I'm still looking for sub 10 to bury myself in pounds of silver

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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    cohodkcohodk Posts: 18,688 ✭✭✭✭✭

    @MsMorrisine said:
    It was and indecision kept me from it.
    I thought it would go lower.

    Once it headed back I was too scared to do anything

    Yup. Its tough when you see it fail time and time again. And especially tough since its a nonproductive asset, no income or interest. That makes investing in it difficult. But the allure of quick gain is always enticing. Or patience is a virtue.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    MsMorrisineMsMorrisine Posts: 32,360 ✭✭✭✭✭

    I think my problem is idecision surrounding picking tops and bottoms

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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    dpooledpoole Posts: 5,940 ✭✭✭✭✭

    It takes tremendous discipline (and compelling life experience) to "buy low, sell high". The default of human nature is to sell when you've "given up" while stuff is in the doldrums, and to buy when things are surging, and everyone's excited.

    It's why the select human species with ice water in their veins picks the rest of us clean, time after time.


    Here's a warning parable for coin collectors...



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    rickoricko Posts: 98,724 ✭✭✭✭✭

    The age old dilemma... and most do it the exact opposite... buy high - when all the excitement is raging, believing it will continue up....and sell low, as panic sets in, to get what one can before it is worthless....Trying to hit tops and bottoms have devastated many as well....Fun times people... :D Cheers, RickO

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