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 Replies: 180 / Views: 18,925 |
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Pillar of the Community
 613 Posts |
The last few days of trading is looking like we may just see a big crash to much lower prices,like price action we had in 2006-07. Silver this go around just has not had the crash fall in price. I would not be surprised to see a total crash in price now. Its been a slow and staidly fall in price for silver,it may at this point just crash 5-8 dollars within a few days of trading.
When?I do not know but I am seeing many signs.
1.Dow is to high and growing to fast from its past growth over the last 5 decades
2.The Fed are just to involved with the Markets and Traders are egging it on.
3.People are in line for fast fiat in the Markets and Silver is not one of them.
At this point look out for the crash Silver is heading for.
Edited by Silverworld11
02/18/2015 10:16 pm
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Valued Member
United States
110 Posts |
Quote:
it may at this point just crash 5-8 dollars within a few days of trading. That would be a welcome drop for me. What to do? Do I book my vacation to Puerto Rico or do I weight for silver to get slammed and increase my little stack? |
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Pillar of the Community
613 Posts |
This is my advice and it is safe move right now. Get any Silver Rounds or Coins sold now that u could careless about that goes for Silver Bars to boot. Take the loss and move on. Some did this move when Silver was trading Mid to Low thirty's and did just fine. If a stacker has not done this by now I would if I was you. I just unloaded 30 oz's all of which were US CIR Coins.
@realmoney,other then that pick off Rounds and Bars slowly,for me I love Silver and must buy Silver. I will blow extra fiat off into Silver in a heart beat. Non of this will change for me. Puerto Rico,if u want to,I would if I wanted to go to Puerto Rico you only live one time. Do what you want always as long as it does not hurt someone.
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Valued Member
United States
110 Posts |
Thanks Silverworld!
I have a 'free' flight to anywhere in the US. I like the tropical climates, especially after the winter we are having! It will be hard not blow that extra fiat on silver if prices do go down to that range!
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Pillar of the Community
613 Posts |
Here is another big fall in trade,another reason I got the Junk Silver gone and picked up .999 Bullion. Got 32oz's of Junk Silver gone,then picked up 35oz's of Bullion all in 48 hours.
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Pillar of the Community
613 Posts |
Silver is going to single digits this year 2015. I have been buying Silver for 20 years now. I know the market.
I will pick up on this post in 2016,if it is still around. Stackers Stack little bits of silver this year is my last bit of advice for this year,few oz's sure why not. I am going to buy 1oz a month. Price it and watch the price fall thur out the year. You know seeing is believing.
Yupper can bleed your eyes with charts all year and call for lower prices,then higher. Yupper never has any reason for either total blind investor or plain non sense.
I am not going to help people on a board where the Mods let this guy Yup call people nuts and point his finger at who I am. I am done this year,Mods had all day to do something about Yupper and few others,Mods did nothing so no help from me,I never lose silver buying silver. I am really good at calling price drops and ups.
@Stackers,Do not buy in to the market this year is all I will say,do not let anyone fool you into buying this year. Its over for silver for sure this year.Take care all
See u all in single digits next year 2016.
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Pillar of the Community
United States
4333 Posts |
Silverworld11, what is your reason for unloading the US junk silver?
Personally, I don't care to take a loss just to buy into .999.
Price isn't that big a deal to me as long as I hold phyz.
If there's a drop to single digits, prems will just make up the difference IMO.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
110 Posts |
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I never mind price action and just keep stacking.
"I don't know how much money I have, but I do know how much my money weighs!" - Ron Swanson |
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Pillar of the Community
613 Posts |
Why I found the Silver and saved the Silver from when I was a small child its what I do. I have lots more silver US coins. |
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Pillar of the Community
United States
589 Posts |
Just honestly keep any silver bar, coin or rounds 90% pure and over. You cannot go wrong with that IMO. There is and always a market for this purity of silver as far as I have seen.
Edited by SilverTracker
02/24/2015 12:32 pm
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Pillar of the Community
United States
589 Posts |
Silver to single digits? No. Won't happen. Most mines are loosing money/breaking even right now. Single digits and mines would do what oil importers are doing...not selling it until the price increases.
Also, what I don't understand is if you believe silver is going to dip massively, then why are you buying now? You're going to loose 50% of your "investment" if that happens.
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Pillar of the Community
613 Posts |
I am going to buy 1oz a month. Is that ok with you? Its far more likely Silver will go to single digits then not at this point. Miners are fine and for one Silvertowne has its own mine,you have no idea nor does anyone else know how much they have pulled up and in storage,give me a break the miners/oil so funny. Beside all that I have been buying silver rounds,bars etc for over 20 years so I am very in tune with the Markets. I have bags and bags of US coins I have gotten for face when I was a very young boy. Now you do as you want. Buy it/sell it,they are your PM's. Here is how this week will pan out for PM's down/sideways. Yellen is in D.C. Dow is over 18,000 for over a week now Few other Reports this week will bring down PM's,I am not posting them. We are now trading in 2008 levels Sorry to break it to you but PM's are not going up anytime soon,do not be fooled. The low of last year is not in the 15's like most say. The low of last year was in the 14's for a few hours. I will let u folks know why PM's next week will go down or sideways. Why I like to hear how I am wrong or nuts when I am right,its good. |
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Pillar of the Community
United States
4333 Posts |
SW11, still wondering why you sold the junk silver.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
1390 Posts |
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I am not going to help people on a board where the Mods let this guy Yup call people nuts and point his finger at who I am. What? Quote:
SW11, still wondering why you sold the junk silver. Same here. Edited by The Silver Searcher
02/24/2015 7:14 pm
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Pillar of the Community
United States
589 Posts |
Alright. You're one of those "JP Morgan is single-handedly keeping silver where it is, and once they pull out silver will go to $5" or "gold will go to $700"-types
Good luck with that.
Silver hit 14 during 2014...yeah, it did. 30 November. Result of the Swiss referendum. Not a "natural" occurrence. If something like that occurs again, and silver does hit single digits, it'll be very temporary, like it was on 30 November. But it would take something VERY strange to happen to cause that.
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Replies: 180 / Views: 18,925 |
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Posted 02/18/2015 10:11 pm
