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 Replies: 17 / Views: 2,863 |
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Pillar of the Community
United States
2120 Posts |
 Your buying window may be closing very soon.
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Valued Member
Canada
178 Posts |
Hopefully great minds think alike. I've been trying to build inventory as much as I can the last two weeks.
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Pillar of the Community
Canada
4944 Posts |
But if this trend continues, won't the price just decrease again?
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Valued Member
United States
264 Posts |
Your chart has me excited about buying at the new silver low in August 2012! Thanks!  |
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Pillar of the Community
 United States
2120 Posts |
@CB Actually we are looking at a bottom of around $25, then we begin ascent.
@rgathright realistically, august will have missed the boat. end of june is my guess for the bottom.
We will see if Elliot is right. :P
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Valued Member
United States
404 Posts |
The gap between the upswings are getting further and further apart.
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Pillar of the Community
United States
1454 Posts |
These charts can be interpreted any number of ways. It's still just a guess as to where silver will ultimately bottom out, how long it will last, and when it eventually crests again. Social, political, and economic factors that haven't even been unveiled yet will drive the price of silver, one way or the other. My guess is down, but that's just one man's opinion.
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Pillar of the Community
United States
2269 Posts |
I hope it holds off for another week or two. I plan on purchasing a few JM bars at the end of the week and I might bid on a 10 ounce poured bar sometime next week. With these prices, I can afford to make these additions.
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Pillar of the Community
Canada
1723 Posts |
I see a double bottom at 27. I think this is where she stops. Time will tell. Cheers!
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Bedrock of the Community
Australia
21788 Posts |
I predicted $35 by the end of the year. Doesn't look like that will happen now.
Nevertheless, the buying window seems to have opened a little more.
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Pillar of the Community
Canada
1723 Posts |
Im also very much OK with it holding there for a bit. With all the hype last year in the media, a lot of people bought into silver and gold for the first time. I would like to see these people that learned, realized and held on and kept staking during these volatile times, so they can grow their stacks at lower prices.
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Pillar of the Community
United States
4008 Posts |
Quote:
It's still just a guess as to where silver will ultimately bottom out... Indeed it is. What we are seeing now in silver prices looks very much like a stock that is "bumping along the bottom" of its annual price range. Whether that holds for PMs is another question. It is looking like it is and, if so, then buying during this time is more likely to be profitable than not buying. As you say, though, this is just one man's opinion.  |
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Pillar of the Community
United States
1454 Posts |
Quote:
What we are seeing now in silver prices looks very much like a stock I wonder how much this has to do with ETFs like iShares Silver Trust, which is trading near its 52-week low, by the way? I have my suspicions that they play a major part in silver manipulation. |
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Pillar of the Community
United States
808 Posts |
 I suspect you are right on the money: the ETF's and (to a far larger extent) the commodities contracts appear to be the primary vehicles for the alleged silver price manipulation. |
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Pillar of the Community
United States
2120 Posts |
Well since spot price is determines by the paper market. I agree that ETFs have an effect on prices.
Don;t even get me started on the Manipulation going on here. I just hope they keep it low (and lower) so I can keep stacking.
I explained it all to a friend the other day, his response was;
"If that's true, why haven't people gone to jail"
My only response
"housing crisis, why haven't people gone to jail?"
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Pillar of the Community
United States
863 Posts |
I forsee a rise this month. There is fear in the market. too much talk of a QE3. this weekend might be our last chance
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Replies: 17 / Views: 2,863 |
Posted 05/29/2012 1:39 pm
