interesting - looks like no one knows what silver is going to do. I guess thats why its been hanging back lately. I'd like to see it consolidate back in the $15-$18 range. I failed to sell when it was over $20 and I don't want to get too greedy again.
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world. -Caxton's edition of Aesop's Fables, 1484
Just curious, AGgressive Metal, what's your buying strategy? With a few minor exceptions, I've been pretty much just buy-and-hold. I don't see where holding would be a bad thing given the tremendous upside potential for silver and the overall supply relative to gold--gold gets mostly recycled but silver pretty much gets lost for good after it's used.
I would be buy and hold but the market always fluctuates. If you can sell high and buy low you can increase your core holdings without investing more principal. The way I see it, you cant be afraid to take some profits just because you think every price increase is the beginning of the next big jump, because 95% of the time it isn't.
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world. -Caxton's edition of Aesop's Fables, 1484
I just nibble on the way down...DCA is the way to go. Always keep spare cash on hand for sudden drops and always keep cash for when summer rolls around. Historically it drops big time during summer and of course have money saved up during Christmas because often times APMEX throws some damn good 1 day deals
about the best you can do is keep a third of your pile for trading and watch the charts of the 50 and 200 day moving averages. when the 50 crosses the 200 in the up direction, it tends to keep going up for a while, and vice versa.
Buying: Peace/Morgan G+ at $15.00 copper cents at 1.3X wheat pennies at 3X
Five weeks of silver backwardation
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Posted - 03/12/2009 : 16:49:58
