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 Replies: 46 / Views: 5,468 |
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Pillar of the Community
United States
5857 Posts |
My wife has said we should buy more silver if the price drops below $30 again. So far today, it has dropped $1.32 down to $31.36. Anybody think it might hit $30 soon?
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Pillar of the Community
Canada
572 Posts |
I've been monitoring it since this morning. I think I'll get some once it drops below $31. Not sure what will happen tomorrow, right before this long weekend.
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Pillar of the Community
United States
819 Posts |
It will go up or down, but not right away. Seriously, I don't see what is pressuring a decline in spot price, seems like the economy and world situation should be pressing it higher. I am not waiting, make periodic purchase since it was $5.00 an ounce, (sure wish I had bought more back then!)
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Valued Member
United States
318 Posts |
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Pillar of the Community
United States
4008 Posts |
Hard to say, Barry. I'm still wondering why it is lower now than it was in the last week or two. One would think that we have had some good economic news or that the dollar was stronger. Unfortunately, neither is the case. Other than the usual manipulation, there doesn't seem to be anything special at work on the price here.
Gold is getting hammered and silver is probably going along for the ride. I've been watching the gold price and am getting tempted to buy some. If it breaks below $1600, I will probably buy 10 oz. or so.
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Pillar of the Community
United States
1432 Posts |
Well Barry - you know it's not good to argue with your wife.  And you can stack your new purchases on top of your monster box. |
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Pillar of the Community
United States
2764 Posts |
You can always buy some now and when it drop again, buy some more (ie: divide your fund into multiple portion for those multiple purchase).
Regarding reasons for drop: The Fed indicated that QE3 may not come + worries of economic slow down in China.... that's what I've read.
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Pillar of the Community
United States
3670 Posts |
I don't know those lines look like a downward stair case to this guys house right now  , and wanting to make a move itching to get something together before it bottoms out an starts back up again on some of those old pour bars.... I lowered my ebay prices on many items to compensate the silver drop, even lowered 12 proof eagles to 800 start, must be nuts, lol. Can't keep this guy in the strait jacket an out of trouble, lol. Oh well if anything moves I am pouncing on some bars.... Edited by Silverhawk74
04/04/2012 5:47 pm
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Pillar of the Community
United States
759 Posts |
I think this thread reached a very eloquent and definitive conclusion with jeffrose's first sentence.
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Pillar of the Community
United States
1454 Posts |
Quote:
Gold is getting hammered and silver is probably going along for the ride. I've been watching the gold price and am getting tempted to buy some. If it breaks below $1600, I will probably buy 10 oz. or so. Wait until at least $1400 to strike, Ed. I feel it will reach that point, or lower, by this summer with gas prices continuing their upward trend. |
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Pillar of the Community
United States
3670 Posts |
Gold an silver dropping, GAS going UP AN UP, possible inaccurate reports of false economic recovery sounds like a formula for disaster if something does not give or change....
The entire year may become a MAJOR buying window.....
If gold fell to say a 1000 an oz. and silver back down to 20 or so, how many would stock pile up knowing they may have to set out an wait some time for that enviable upswing again, I would?
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Pillar of the Community
United States
2661 Posts |
Quote:
Wait until at least $1400 to strike, Ed. I feel it will reach that point, or lower, by this summer with gas prices continuing their upward trend. Crude oil as well has been trending downward for 3 days now. Down almost $5 so far this week yet prices at the pump are bucking that trend and rising. It would seem the time honored laws of economics no longer apply to anything any more so it is just a wild guess where gold and silver will go from here. It was just one short month ago when silver had a one day spike to surpass the $37 mark and and got the "$80 an ounce by the end of March" crowd on this and many other forums all worked up again. We see how that panned out now don't we. I say silver will trade sideways over the next few months so take any small dip as a buying opportunity. But then again I may be wrong about it all. Silver up 3 cents right now in aftermarket trading and gold is up $2.70. You make the call. |
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Pillar of the Community
Canada
1723 Posts |
I just hope that it stays low right now... I just started back to work and gotta get caught up with the bills before I can buy again. If it can hold here or lower I would like to pounce on 2 tubes. I'm just praying and praying...stay low please stay low please stay LOW!
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Pillar of the Community
Canada
834 Posts |
I pulled the trigger toay on a few hundred oz and 5 oz of gold
so it can go up now
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Pillar of the Community
United States
648 Posts |
I think the manipulators are still flushing out the weak hands but that only leaves buying opportunities for me and many more.
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Pillar of the Community
Canada
1731 Posts |
Crap. I bought today but me and dealer didn't realize the prices dropped. If it stays like this gold or silver will be resting in my safe
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Replies: 46 / Views: 5,468 |
Posted 04/04/2012 12:35 pm
