Would Any Of US Really Complain About A Silver Price Crash?

OH I think I may have confused many of you when I say sell in this case.

I am saying sell, in this case, as in selling short silver. I am not saying to take your coins and dump them,, you do that when the prices are going wild and you can sense the frenzy. As we say, sell when you can, NOT when you have too.

But yes, the game now, is to sell silver, as in SELL IT SHORT,, and watch it come down until the market decides it has had enough of selling. Sell short futures contracts, ETFs, silver mining companies, you name it.. and this also applies to gold.

Silver and gold gave many signals 12 months ago. Price and volume gave clues that silver was done moving higher in November and December of last year.

Once this trend is in place, it will follow the path of least resistance, which is now down.

At this point, I would expect some sort of bounce. Then either it continues its run lower OR we again see more chop and sideways narrow range bound trading until it resolves the move,,, which again probablities point toward a move lower.


Which I like basebal's line where he says, would we complain at getting a MB of say eagles for 3K? I wouldnt mind.

ANyways, I highly doubt we ever see single digits, nor do I think we see teens. I think we see lower 20s tho.... and I could see it hitting that area,, and then doing absolutely NOTHING for many years, just choppying around and range bound for a long time. However, this wouldnt be a bad thing, as it would provide a floor.

Bottom line is, it doesn't matter much where silver goes , if you buy physical silver you will always have it in hand versus paper/or some number in a computer that can go poof at a moments notice. You wont be able to buy much with a bunch of worthless paper if things turn really bad, but silver and gold will always be of some worth , more so when the recovery takes place.

I will take my chances with PM over paper/digits on a computer. You will still need to pay your property taxes when the tax man comes knocking , chances are he will take some silver or gold as payment. Other people will have other things you will need, food for one, PMs always have had value through out history no mater what other money systems were in place.

I'm in this for 20 years so I don't look a day later to see if I'm negative. I'm a buyer at this level. If it hits $50 in my lifetime I don't care if I bought at $26 or $21. Seems I remember someone pushing Platinum and Palladium and those are down big. I remember reading posts on how great those PM's are. I'll take silver in the form of 70-100 year old coins any day.

For me this is all fun money. If it sat in the bank it would earn from .25%-1%. I know for a fact inflation will kill that "investment". It would take 70 to 200+ years for that investment to double. If 20 years from now I can't get more then $35 for an Unc Silver dollar, oh well.

I totally agree with tpg22. I'm in the same boat.

@Fat Freddy....So True my fellow collector So True.

a silver crash is impossible at this point in the game and any dramatic suppression tactic(below $20) will signal it's final dizzying leap into infamy.