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 Replies: 17 / Views: 2,537 |
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Valued Member
United States
213 Posts |
After some consolidation, looks like 30 per oz. is new support level. Ready for 3rd run at breaking past 50 per oz. Many buy Signals for Silver.... All Systems Go!  |
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Valued Member
United States
458 Posts |
YAY!
I just buy small amounts to add to my collection no matter what the price.
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Pillar of the Community
United States
2120 Posts |
So I've been in an odd situation myself.
My brain says sell, this is a dead cat bounce. But my Gut says, we're gonna make a nother run for the 40's.
I've learned more often my Gut is smarter than my brain.
I might go add some more silver today.
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Pillar of the Community
United States
3294 Posts |
Just add coins which are numismatically priced at around $32 so you have an upside for $40, and if silver goes down, you still have the numismatic value.
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Pillar of the Community
United States
2661 Posts |
Quote:
Just add coins which are numismatically priced at around $32 so you have an upside for $40, and if silver goes down, you still have the numismatic value.
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Pillar of the Community
United States
7194 Posts |
That is why I am up grading some of my walker and Franklin halves. Whenever I replace one with a better grade the other goes in the silver stash making a kind of a bonus on the purchase. |
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Valued Member
United States
362 Posts |
Picked up 3 more proof ASE's for $45 each and a modern commemorative for $27. |
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Valued Member
United States
193 Posts |
I'm kind of hoping it'll stay down for abit longer. I'm expecting a sizable in flux of cash soon and would like to use it to get the most silver I can. Another 2 weks should do it.
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Bedrock of the Community
Australia
21788 Posts |
Danester: I think perhaps you are right.
I understand that a 'dead cat' bounce is one where a rise happens because the fall has been so sudden, but soon the falling trend kicks back in.
Is this a dead cat bounce? I can't tell you that.
However the Aussie Dollar value is somewhat related to commodities prices just now. (It is also related to sharemarket trends in general) The Australian economy currently has a lot of it's value related to mineral exports to China. The Australian economy has partly resisted the trend of poor performance trends in other economies because of mineral exports.
Certainly, the moving average graphs help determine a 'buy' or 'sell'. However I am fairly optimistic that strong mineral exports to China will continue. I have heard a report that the Chinese are rebuilding their minerals import stockpile.
The Australian Dollar came down from 110 U.S. Cents to 92 U.S. Cents but has bounced back up to parity again. Perhaps this rising trend will continue.
With this reasoning, I do not think this a 'dead cat' bounce. If you think that is the case, dollar cost average your way into a stronger silver position. Keep an eye on those moving average graphs anyway.
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Pillar of the Community
United States
2335 Posts |
Another possible interpretation of that chart is that we are in a period of sideways movement before another sharp drop.
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Valued Member
United States
362 Posts |
Well I will be happy with a short term dip, that will make some holes I have easier to fill plus allow me to build up my overall silver.
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Pillar of the Community
United States
4989 Posts |
Good old technical analysis! If only it actually worked we would be all rich...
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Valued Member
United States
493 Posts |
I've been thinking $30 is the floor, for now at least. I just added a 10 oz. APMEX for 346 delivered off ebay. I'd love to buy and buy but I'm apprehensive about spending money on anything it seems. |
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Pillar of the Community
United States
4008 Posts |
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I'd love to buy and buy but I'm apprehensive about spending money on anything it seems. Not to worry. We are not spending anything on silver. We are merely converting bad money into good money.  My axiom on this is, "Bad money tends to get worse and worse while good money tends to get better and better!".  |
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Valued Member
United States
302 Posts |
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My axiom on this is, "Bad money tends to get worse and worse while good money tends to get better and better!". And bad money drives good money out of general circulation leaving only bad money in circulation. |
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Bedrock of the Community
Australia
21788 Posts |
mmerlinn: I my memory serves me correcty, your second statement is
Greshasms Law.
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Replies: 17 / Views: 2,537 |
Posted 10/12/2011 5:44 pm
