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Posted Yesterday 11:11 pm
Quote:
"Flatlining" or flattening out, otherwise more commonly known as a price Floor of Support
"Flatlining" or flattening out, otherwise more commonly known as a price Floor of Support
I'm not hip to your terminology. But, I don't need to be in order to recognize trends, without fretting over every move of a few percentage points. I put more value in long trends and the history of spot in the long haul.
I own silver. I didn't sell at $120, though I did consider it. Although it was tempting, but buyers were paying far below spot at that time, they didn't really WANT to buy. I didn't sell at $60. I don't sit up at night wondering what spot is doing. Oddly,I don't check spot daily. It seems very tense to me. I'll pass.
The silver I hold was all obtained at half, or less, of current spot. I'll grant you that those prices are not likely to be seen again. But, I'm not buying. I don't subscribe to the "to the Moon" stuff. Not in my lifetime. Even the January anomalous spike fell short of that hyperbolic nonsense.
Edited by Vector Ze
Yesterday 11:46 pm
Yesterday 11:46 pm
