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 Replies: 37 / Views: 7,999 |
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Pillar of the Community
United States
655 Posts |
I'll go out on a limb...
Silver will drop to 2006 levels (under $10) and stay there for a while before it slowly move back up.
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Pillar of the Community
New Zealand
526 Posts |
Quote:
Res - Warwick, what would consider to be the bill signs? Hi RES I'm taking your post to mean buy signs. There are many ways to look for the bottom (or top). I personally use a minimalistic form of Elliot Wave counting with Fibonacci projection, both taken into consideration with diverging patterns on oscillators. Its almost impossible to pick the exact bottom although I have been pretty close a number of times. Trades at bottoms can often be picked up with a cheeky 'buy limit' order at a low Fibonacci number - but this is not a tactic for widows and orphans. |
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Pillar of the Community
United States
1037 Posts |
I predict PM's will remain fairly flat until the next economic meltdown, then it will shoot up.
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Pillar of the Community
New Zealand
526 Posts |
I always look to the price chart for timely ideas/market turns.
The market price of gold and silver as shown on a chart reflects the sum knowledge of all participants, including traders, investors, portfolio managers, technical analysts, fundamental analysts and many others. Based on any chart we can see what the whole market is doing and form a view on potential future price movements.
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Pillar of the Community
New Zealand
526 Posts |
Interesting chart here with inflation adjustment from 1969 http://inflation.us/silver/Page also has other worthwhile links, such as What has been the long-term average gold/silver ratio? How much silver was mined worldwide in 2013? What is the current concentrated silver short position? What is the best Silver ETF? Are there any Silver ETFs that are leveraged to make double or triple the gains/losses of silver? What is the all time high silver price? How large is the silver futures contract size? |
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Valued Member
Australia
208 Posts |
I am no expert but hey we now have had 2 very bearish
years, I see a good gain (to over $20) by the end of 2015!
Edited by Misterpostman
01/09/2015 09:33 am
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Valued Member
United States
252 Posts |
I would love to see something over $20. I didn't start buying silver until spot had already dropped to $27 an ounce for my first buy. At that point I only bought if for a few ounces until it hit around $20. Since it has hit $19.50 and lower I have now made it up to over 50 ounces in bullion alone. If it makes it back to $20 then I am out of the red with silver. I don't mind it taking its time getting there though as I am still very much in the market (unless my wife is on line in which case, this is all a lie and I'm not buying any more hun).
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Valued Member
Australia
208 Posts |
RES - my situation is similar, though my dollar cost average is higher than yours. First got in at $31, gradually bought and flipped some along the way to get my DCA including premiums to about $25. The last few days have made my $20 prediction look more likely, it sure is nice to see it go up.  Edited by Misterpostman
01/13/2015 7:47 pm
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Valued Member
United States
118 Posts |
My cost average is around $25 but that's because I'm including in it my bullion that have big premiums, like some proofs and other low mintage issues. So technically I'm in the red. Do I want silver to go up, so I can be in green ? No, I want it to go down so I can by more at better prices.
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Bedrock of the Community
Canada
10743 Posts |
I see it has been gradually going up, $20 soon.  |
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Pillar of the Community
 United States
586 Posts |
$17 area seems to be a strong resistance.
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Pillar of the Community
Canada
3692 Posts |
Excalibur, you're starting to think like a banker! The thing is, what would you do with all that metal if not to redeem it later at a better dollar figure? One thing about precious metals is that the public perceives value strangely and only wants things that rise in price. These metals can only buy more if you already have them, not if you join the party halfway through. Looking back now at the passing bull run it's shocking to think that people wanted an industrial metal so badly, imagine if that happened with steel - it's the same shock.
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Valued Member
United States
118 Posts |
Libertad, I'm not buying silver to get rich. I'm a colector not a silver stacker ppreparing for apocalypse. I collect both numismatic coins and bullion silver. When it comes to bullion silver, most of my collection is coins with high premium, or at least bigger premium than you pay for ASE or generic rounds. As a collector I buy what I like. Some of the coins cost me not much over spot, for example ASE, Libertads, Somali Elephants etc. But some coins cost way over spot, Benin Elephants are just one example. I'm not looking to sell my collection anytime in the future so I'm not worried that my cost per ounce is around $25. However I'm planning to increase my stack of silver with lower premiums, like ASE, Maples etc. to bring my cost down, and to keep some of my savings in bullion silver. Edited by Excalibur
01/14/2015 9:39 pm
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Pillar of the Community
United States
589 Posts |
In my case I am stacking ASE's, junk silver and Maples not for prepping for the apocalypse but to have a stack ready in case the dollar decides to lose much of its power and I can sell some off to feed my family. |
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Pillar of the Community
United States
4333 Posts |
I'm like you SilverTracker, stacking for the slow decline of $.
If I never need to use PM's, I will pass them on to my children.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Replies: 37 / Views: 7,999 |
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Posted 01/03/2015 2:23 pm
