Article Hints That Silver Might Have Reached The Bottom

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Author	Replies: 9 / Views: 1,624
traevin Pillar of the Community United States 1454 Posts	Posted 06/03/2013 09:59 am Interesting read. http://www.marketwatch.com/story/si...iteid=yhoof2 Report this Post to the Staff

IndianGoldEagle Bedrock of the Community United States 36415 Posts	Posted 06/03/2013 11:25 am Silver is a great buy at these levels. I'm sure the paper traders will tell you why it is going to drop much more. Report this Post to the Staff
SA4H Pillar of the Community United States 2764 Posts	Posted 06/03/2013 5:13 pm I've just read that article also. The current price level is around the price of 2006. I am surely wanting to get some more shiny round....... just tight money at the moment. The advantage of today buyer vs 2006 is in the diversity of products..... many options out there. Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4333 Posts	Posted 06/04/2013 9:02 pm Ok, but I read that $32 was the bottom. Then it was $29, then $26...you get my drift lol... When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72 Report this Post to the Staff
Fat Freddy Pillar of the Community United States 1200 Posts	Posted 06/04/2013 10:22 pm sa4h---I just looked in the Kitco historical charts. It looks like 2006 started around $9.08 and ended around $12.85, without ever getting as high as $15. I honestly hope we don't end up going back down that far... Report this Post to the Staff
cuzzx Valued Member United States 411 Posts	Posted 06/04/2013 10:32 pm I love that silver morgans and S eagles can be had for $25. adding to my silver collection Report this Post to the Staff
SA4H Pillar of the Community United States 2764 Posts	Posted 06/05/2013 12:25 am Thank you Freddy, my memory wasn't that good, I guess...... when was the dip from around $18 down to $8 then climb to $12 then to $20 and beyond? I remembered when that dip happened, I couldn't find any physical silver when it was below $10, I was eventually able to buy some at around $12 and above... I would not mind if it's going down to the teens but then I don't think we'll be able to find any physical silver, unless it staying down for at least 3 months. It seemed like $20 and $22 is major support/barrier line....... but what do I know, I'm not an expert. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 06/05/2013 12:48 am Quote: I would not mind if it's going down to the teens but then I don't think we'll be able to find any physical silver, unless it staying down for at least 3 months. Probably a week or two max if at all. If its a slow drop there wont be any effect, a fast one would be a repeat of a month or so ago. The big difference between now and 08 is in 08 people were buying as insurance against a collapse they didnt know how bad it would be. While things arent great theyre stable so that panic wont be there. Also people have bought heavy for years now, a large number of people will eventually get to the point they say I have enough as an emergency fund no matter what the price is Report this Post to the Staff
SA4H Pillar of the Community United States 2764 Posts	Posted 06/06/2013 3:47 pm I guess the dip was in 2008, not 2006. This is the 3rd year that I have follow closely and see that PM dip/lower from around April until August, compare to September to March..... Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 06/06/2013 4:04 pm There was a mini dip in 06 08 was the big one that was kind of the head scratcher. Some of that may have been later in the year with Obama winning and people buying into him with a slow climb back up till mid 2010 when all the pm investing things starting popping up everywhere ect Report this Post to the Staff
	Replies: 9 / Views: 1,624

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