| Author |
 Topic  |
|
Pillar Of The Community
United States
1159 Posts |
Quote:
Stack on hold your own or Trade and profit or Leave and sell cheap just don't ask for a tissue for you are playing a rough game. The Game Of Silver An astute comment from the SilverTongueDevil on the Kitco forum Silver discussion group. Thanks to yotie for the above link.
OPEN 24 HRS (but not in a row)
|
|
Valued Member
United States
465 Posts |
They could be some room on the downside for silver, but it's delusional to expect it to drop to $20. Governments and central banks around the world continue to create fiat money by the ton, and the debt crisis isn't getting any better.
Edited by 3stooges
04/10/2012 10:54 am
|
|
Pillar Of The Community
United States
746 Posts |
Well I was right (page 2). I thought it would take a little longer, but the DOW hit 12,700. I expect it will continue to drop and see 12,500 maybe 12,300 this or next month.
I am surprised silver is holding as good as it is though. I expected it to be about $28 at this stock stance.
Pay your taxes! 12 million illegal immigrants are depending on it.
|
|
Pillar Of The Community
United States
826 Posts |
Sa jewler told me that PMS drop every summer. a lot like oil prices usually do
|
|
Pillar Of The Community
United States
826 Posts |
In the long run I think its smart to buy PMs. As china grows there will not be enough to go around. china and russia are currently trying to stock pile their gold and silver. a lot like they did to copper in the 80s
|
|
Pillar Of The Community
United States
4008 Posts |
I agree, SC. Quite a few of the central banks around the world are buying gold by the ton. India, China, Russia, Mexico, and a number of others have really ramped up their gold buying. A few years ago, they were all net sellers of gold but now the worm has definitely turned. Makes me wonder what they know that most of us don't.  |
|
Pillar Of The Community
United States
826 Posts |
I am thinking they know just like the reast of us that gold is a safer way to story money than cash or investments.
|
|
Pillar Of The Community
United States
4008 Posts |
That seems reasonable to me too... and unlike Bernanke, they KNOW that inflation is happening and fiat currency is no place to store wealth unless it is for a very short time.
|
|
Pillar Of The Community
United States
746 Posts |
I think I called this one... see my above posts about the stock market (12,700, 12,500, etc) and silver.
I think silver will go below 25 and the DOW will see 12,300 possibly lower if the Europe thing drags out. If Europe crashes or separates from the Euro, things will get UGLY. The dollar will shoot up and silver will drop like a rock (possibly to the teens) and the stock market will see 11,000s
Pay your taxes! 12 million illegal immigrants are depending on it.
|
|
Pillar Of The Community
Canada
3009 Posts |
And if Europe doesn't crash or separate from the Euro?
|
|
Pillar Of The Community
United States
746 Posts |
Then there would be an initial big jump (100-200 points) in the DOW if they make a solid announcement with a solution. If it's just drug out it could wave up or down but start its run back up. It also depends on there reason for not separating (different reasons would affect how the market reacts to positive/negative news).
Pay your taxes! 12 million illegal immigrants are depending on it.
|
|
Pillar Of The Community
Canada
3009 Posts |
Until then I am going to continue buying silver, and hope for the best.
|
|
Pillar Of The Community
United States
746 Posts |
That works. It's the investment over time that matters. You can't always buy on the very bottom and sell on the very top... it just doesn't happen.
However I reallocated some of my resources too soon and bought at the wrong time so I'm already tied up at a good loss amount :S
Pay your taxes! 12 million illegal immigrants are depending on it.
|
|
Pillar Of The Community
Canada
3009 Posts |
If you buy more silver now, you can lower your average cost per oz. Which means less of a loss.
And potential to make even more when the price bounces back.
|
|
Pillar Of The Community
United States
746 Posts |
Currently I think there is more potential in some stocks once it hits bottom. Silver isn't very liquid and I'm looking for the shorter term than longer term. I do plan to buy some silver in the lower 20s or teens (if it truly gets there).
The problem is limited amount of cash and currently most tied up in hurting stocks and silver :)
Pay your taxes! 12 million illegal immigrants are depending on it.
|
|
Topic |
|
Posted 04/10/2012 10:22 am
