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 Replies: 12 / Views: 1,556 |
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Pillar of the Community
United States
667 Posts |
No I'm not ready to say Silver is going to hold or even go higher. But is has been refreshing to see it holding, heck it hit that magic $41 number again.
I can't really read where it is going but I am impressed of its staying power right now with what gold did.
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Valued Member
United States
228 Posts |
I'd love to see it go down to $39 again, I'm looking to buy more. And of course, we would get to beat up on Joe around some more...  |
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Pillar of the Community
United States
1590 Posts |
The problem is I don't see this as a real correction. Not when it is almost right back to where it was, in that short a time frame.
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Pillar of the Community
 United States
667 Posts |
Why does it have to have a correction?
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Valued Member
Canada
235 Posts |
I would like to see a small correction too...down to 30 or so, then shoot for the moon. Right now it seems more people are interested in silver in the coins then the coins themselves, its a bit of a shame.
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Pillar of the Community
United States
931 Posts |
Silver made it's correction when it fell from $50. Any gains since then seem to be calm and rational. Gold was in a flurry, but silver has just been steady Eddie.
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Pillar of the Community
United States
1817 Posts |
It's been pivoting on the $40 mark like a see-saw, otherwise holding steady for the last couple of week. Got over the sticker shock and bought a few dozen oz. this summer. Had it been this time last year, would've bought even more as it was $22/$25 oz. Not sure if it'll get that low again.
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Pillar of the Community
United States
4008 Posts |
 , MK. Silver is now showing the same strength at $41 that it showed a few weeks ago at $34-35. I do like to see rational price moves and not the hysterical bouncing that sometimes happens. Gold did that yesterday with its $100 price drop. There was much more to that move than merely the price of gold itself, though. In fact, it looked a lot like people were taking profits and perhaps raising capital for stock or other investing. Part of this is probably due to the Jackson Hole meeting and what Bernanke may or may not say. Once we are past that, we should see more rational price moves. As to whether they will be up or down, no one knows. Those of us who are in it for the long haul don't really care what the short-term prices do. I'm not going to run out and buy or sell a bunch of silver in any case. I'll leave that to the day traders and other odd species. |
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Pillar of the Community
United States
1450 Posts |
I have been in my gold position for a year now and my silver position for 6 months. Every time I think I am going to add or sell I change my mind. I used to think it was fear of the unknown,now I just think it is the balance I wanted in the first place and it is working so why mess with it. I would like to increase my gold holdings a bit but have not found the right time to hit the trigger. After Bernanke's speech some things may become clearer.
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Pillar of the Community
United States
4778 Posts |
I saw it go to $43 a few days ago. Thinking that it was going to creep up higher (with summer ending soon), I didn't think of unloading. And now with with silver around $40, starting to wish I did. Oh well, I'll just wait some more, and its not like I have a lot of silver to unload anyways.
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New Member
United States
46 Posts |
To be perfectly honest, I am hoping for Silver to drop. Not because I wish ill on all those who are frantically buying today, but to get more of it myself. I can't help it, the current price seems artificial, but reading and learning from others in here, I am seeing great potential.
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Pillar of the Community
United States
667 Posts |
The simple fact is that even with the big jump in gold if you had money ins Silver for the last year you won big.
Silver is up 105% for the year while gold is up 41.6% for the past year. So Silver has been king and you didn't have to be a long term speculator.
Heck even I thought $20-$21 was expensive but I still bought.
Edited by mkfarm
08/25/2011 11:11 pm
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Pillar of the Community
United States
4008 Posts |
Quote:
Heck even I thought $20-$21 was expensive but I still bought. Well, that's the heck of it, MK. Back then, $21 WAS expensive! But look at it now. Lots of us on here would LOVE to have bought some of that but just weren't into it back then. As an official CODGER, I remember when a silver dollar and a paper dollar were equal in value... both worth a dollar! Now, if you have paper dollars it takes about 35 of them to buy a silver dollar. If anyone is having a problem understanding how inflation works, this is it!  |
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Replies: 12 / Views: 1,556 |
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Posted 08/25/2011 3:31 pm
