HI Ho Silver! Away!

It's always a good day when silver goes up!

It's only a start. Silver is now under the 50 to 1 ratio with gold. I'm looking forward for tomorrow (FEB 29) new QE in Europe that could reach over a trillion euro.

I'm, as always, hopeful for silver. But this metal is so volatile and so open to manipulation it is tough to decide what to do as a buyer or seller. Where it should be and where it will be seldom co-exist. And one wonders too what kind of a world will we live in if silver successfully breaches $60 per oz.

It's true, silver can give you nightmares if you day trade or have a 6 month time frame, but honestly, if you're looking to sink your money in an investment with at least a 2 year time frame, I feel very comfortable buying silver (or Gold).

When I want a coin or buy silver coins I usually buy it up to 70$ an ounce, over that I found it a little bit crazy to buy over that price to fill up my albums (sometime I go crazy if the coin is very nice). I like it to collect coins but I don't think it worth it in the present time because I expect a very big economic crisis and when it will happen there is going a lot less money available for collectors and prices will go down. But coin collectors are in a very good position to face this crisis because the coins are physical valuable assets that will provide bread on the table. This my opinion and I really hope that I'm wrong.

Im glad for the overall climbing of silver but like most people on different forums are saying, what is going to happen when silver gets to $50. I would bet to say that 80% of people have said that they will sell at that point so that means silver will tank off quite a bit. It will give another buy in point but I wonder if silver will ever get over that $50 mark and hold. Aslo, when it rises $1.50 in one trading day scares me because I'm wondering if this is going to start a bubble which I dont want. I'm in it for long term purposes and If it cant hold above 50 and bubble is created and bursts, it will mean my resaons for silver would have been in vain. I dont hold alot of silver, some 30oz or so, so short term plays really dont work for me. You could sell off half for a profit at 50 and buy again when it goes down or, you see it still goes up to 60 and I buy in again, costing me more, to see it tank at 70. So volitile that trying to figure out what to do is so frusterating. Thats why I'm bullish for silver long term. 20-30 years. Lets hope we just dont get a reapeat of a stagnant 20 years we saw up to 5 years ago right now or in the near future holding at $34. just some thoughts. CHEERS!

so...?
what now?
silver down!!
time to buy before the storm?

, pimpim and aarf!