Time To Buy Silver?

I keep trying to predict the bottom of a dip and have never been able to hit the actual bottom. I am a dip buyer and at these levels I should be buying big but something seems different this time. Over the summer we saw these prices but hat was following a mid-spring run to $38. Our Nov/Dec run only took us to $33 and I therefore am looking for $22-23 as a bottom. Maybe a small bounce at $25 followed by a resuming downtrend.

The problem is I am having a hard time not adding more silver at this price. In Dec I honestly thought that our sub-$30 buying opportunities were a thing of the past.

Petersun. Isn't Silver dollar denominated. The dollar looks to be on a fairly good uptrend because of all the troubles around the world. I believe this is causing the drop in dollar denominated commodities. Not sure but your view might be a bit different is you were holding silver in a different currency say Euros. Just something to consider. Instead of thinking of Silver as a PM think of it as an alternate currency. Just a thought.

It's impossible to know for sure when a dip has ended. You might get lucky, or you might miss a great buying opportunity.

I told myself I was done making any bulk buys for awhile, but when silver dropped to $27 last night just as I was going to bed I couldn't resist buying another 100-ounce bar...

Peter-

THe US has a great thing, some view it as a problem, that other countries envy, and that is,,, everyone and his brother wants to buy debt.

Some of the biggest holders and buyers of debt, including the almighty USD include Russia, China, India, Japan, etc... many of the SAME countries gold bugs point out as buyers of gold.

Thing is, US debt is valued, and as such, it can be packaged and resold and there will be buyers. These buyers in turn are basically committing to continue to buy the US debt. NO ONE will ever stop buying US debt. The minute they start to unload their holdings of US debt, guess what, they will sink faster than the Titantic.

the "debt issue" is nothing but scare tactics to keep the public in confusion and used as pawns by politicians. Its nothing but noise. The US is not Europe or any other country.

Why the trend down in silver and gold for that matter? Please remember that markets are pricing in events and conditions in the future. ... and markets are picing in even more economonic growth and better conditions. Sure, you will have someone show you a newspaper article about some bad bank earnings or low employment numbers etc etc.

But the bottomline is institutional funds are reducing holdings of gold and silver going forward because there isn't a need to hold what they had.. and are rotating this capital into areas that fit more with the coming economic conditions which in this case are improving global conditions.

This downtrend is very powerful. It is following the path of least resistance. Dont be fooled by folks who say you cant know where the selling ends and therefore you have to buy every dip. Those kind of people are always the ones underwater with their investments and quitely wish they hadnt bought so much, so soon.

to wrap things up, I do feel and the market knows the US will be able to handle any debt, and ocntinue to sell the debt to other nations. Silver and gold, for now, are ina very strong downtrend that will take time to play out. Trends usually do this.

With The Fed buying U.S. Gov't debt at 2%, equity markets will continue their rise.

When the Fed stops buying U.S. debt? Watch out.

Neither gold or silver is cheap right now historically. But I would favor gold in a crisis over silver. Silver is much dicier. Either would be a better bet in a year from now then stocks IMO.

Well according to this guy silver is about to take off....although it is an advert from Wealth Daily of some sort, I didn't sign up for the "free" report.


"quote"

What you can expect in 2013.

For starters, silver prices are going to skyrocket. And early investors preparing now for the coming surge could reap an absolute fortune.

I don't say that lightly, either.

The truth is, at our current rate of consumption, we'll completely run out of silver within the next eight years.

And it's guaranteed to send prices in excess of $150 an ounce â€" very soon!

A few of the factors at play include:

Obama's second term and the coming 2013 fiscal cliff, when taxpayers will face an extra $500 billion in tax hikes.
Central banks are starting to load their safes with physical precious metals, both silver and gold.
Sales of silver are drastically outpacing sales of gold, in both private and institutional holdings, leading to a much more rapid surge in spot prices.
And to top it off, silver mining companies across the globe have been struggling to find enough silver to meet the industrial demand side of the equation.


http://www.wealthdaily.com/aqx_p/42...ZFMgodRQ0Amw

This is the best advice anyone can be given. When you put all your eggs in one basket youre asking for trouble if youre wrong. When you hedge your bets in multiple areas if one fails you still have the others. Unless youre really bad at investing its unlikely you will fail on all fronts