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 Replies: 8 / Views: 1,169 |
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Valued Member
United States
385 Posts |
Ag just broke US$29.00, and is showing a very sharp and strong upwards trend. If this continues, I wont be surprised if it breaks the apex of $48 as observed back last April. I'm just so glad that I bought several more ounces. Will turn back to gold when I have enough capital, but am staying with Ag for the time being due to misaligned comparison ratios, pretty good stuff guys, what do y'all think?
Also, I was not confident at all when I purchased some silver at a local coin shop unlike the other times when others were simply too over confident which makes me confident too lol, most of the silver I bought were from the $38-$40 range. So, lesson has been learned, I'll only buy when others are scared and running away, or even predicting prices lower than 20% of spot.
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Valued Member
United States
223 Posts |
Little early off of this last dip to start talking about trending up to the $48 level. If it starts strong this week, we may not see sub-$30 prices for awhile. I just wish I would have got more but I was light on cash. I'll be buying up to about $33-35 then layoff for awhile.
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Pillar of the Community
United States
1302 Posts |
I think guessing where precious metals will be is foolish. big buyers and governments control the market- and they are unpredictable players and non-honest actors.
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Pillar of the Community
Canada
834 Posts |
I don't see it breaking $30 this week.
I think we are in store for $27 maybe even a bit lower this week
Also a $50 plus drop in gold
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Pillar of the Community
United States
1554 Posts |
The trend will be higher prices for silver. Don't let yourself be fooled by the politico ranters, if you can buy in a dip....do it. Inflation will push it up for the foreseeable future.
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Pillar of the Community
Canada
1723 Posts |
Remember that sharp increases are never a good thing. It screams manipulation or correction due to its unsustainable nature. Prices due to inflation will inevitably drive the value of silver up, but gradual steady incline is what you want. If you see that spot price just keep going vertical, is time to sell and sit back and be patient. Remember not to be foolish and try to buy at the top or sell at the bottom, you just want to be close to them. Cheers all, happy stacking!
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Pillar of the Community
United States
2269 Posts |
Since this most recent dip, I have made my biggest silver purchases to date. I usually tend to buy a little at a time at different price levels, then hold off for a while. I practice the same method when selling silver or gold, I sell a little here and there. I never unloaded any silver or gold at one time. While I may not have made a fortune, I didn't lose anything either.
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Pillar of the Community
United States
863 Posts |
I feel this is definatly a good time to buy silver is at a low, maybe not the bottom but it is close. it will go back up to 35 soon enough. lets just enjoy the pricas
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Pillar of the Community
United States
2764 Posts |
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Replies: 8 / Views: 1,169 |
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Posted 05/20/2012 9:16 pm
