Silver Dump Price?

If you sell when the prices hit the 40's, just know there is a chance you may not be able to buy back in at a lower price. silver may not drop below 40 again at that point. just because it did before does not mean it will again. The Hunt Brothers are not cornering this market, what we have here is a more legit silver market. dont expect the price of silver to drop 30 bucks after you sell.

So if you wouldn't sell in the 40's you guys must be buying with both hands in the lower 30s?

so if you know the big countries will pull the market back than there is no reason to sell when it gets high because you know the market will be fixed and drop within a short time anyway. 40+ and I'm gonna start researching ways to sell. I dont really want to use ebay. too many fees. possible here. but I really like to walk away with the cash.

One reason why I have bought ASE is they seem to be easy to sell compared to bars or rounds. Am I wrong?

A question for those of you that have set a sell price. If silver continues to climb past your selling point towards the $150-200 range, at what point past the price you sold at will you start buying again? Or will you sit on the side lines and not participate hoping it goes back to below where you sold?

Yes, they will. But as the USSR found, economic law can only be subverted by bureaucratic fiat for so long before it re-establishes itself.

Silver could very well enter a supply-demand crunch one of these days. When it does industrial users who MUST have it will be bidding against each other for physical silver and the paper price be hanged. THAT is when we will see true price discovery in the silver market and not the machinations of governments and bullion banks. $1000 per oz. silver is not a question of "if" but one of "when". None of us knows this, however, so it could be in 4-5 years or 4-5 decades.

If you think that the previous paragraph was pretty far out, consider that gold is now selling for $1735 per oz. When I was a kid, it was selling for $35 an oz. If anyone back then had postulated that gold would rise nearly 50 fold in the next 50 years, they would have been branded as completely out of touch with reality. Unfortunately for some, reality has a habit of puncturing even the most closely held beliefs.

You could well be right about that. The trends in silver are pretty clearly bullish. The long-term future for silver looks extremely bright and is one of the reasons why so many of us find buying this metal so attractive. What the timing will be for a lot of this is absolutely unclear, though. Buying and holding a little silver at regular intervals looks good to me. I don't want to be jumping into and out of the market all the time. It is possible to make money that way but it is also possible to get creamed that way! When the price of silver goes WAY up, those who sell on the way up, hoping to be able to buy it back cheaper, will not be able to get back in again. Until this happens, they will be able to play the ups and downs of the market. They just need to be aware of the fact that this market can and someday will turn on them when they do not expect it. Because of this, it might be a good strategy to continue to hold some silver when some is sold... just in case.

Something else to consider is the problem of scale in the silver market. Most of us can buy small amounts of silver pretty much any time we want but need to understand that this is not the case for the big players in the silver market. Those who want to buy a million ozs. or more are having a tough time getting it. From their point of view, silver is tight. If this continues, it could work its way down to smaller and smaller buyers. While this is not affecting us at this point, it could be on the way to our buying level and sooner than any of us thinks.