Questions From A Novice
 

In no way am I an expert on charts so maybe some of the more educated posters can clarify this. To me it seems that the declines are sharp and deep. I am waiting for them to hit my mark or buy point of 6.35 which I expect to see very soon. I understand that the sell offs are in large, market manipulation. My question is, are these big boys buying and selling that many times in a day? If not and they are just unloading more when the market makes a recovery? And if the latter is true, where do you suppose they are putting all that money to do better? Nobody in their right mind wants to hold the dollar so, WTHIGO? :wazzup_sg
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Re: Questions From A Novice
 

If your buy point is $6.35, you might be waiting a long time. I don't expect to see silver going down much from here, I have considered $7 as buying time and have bought a bunch at this level (also at $4.86 a couple of years ago). I consider $7 silver the same as $5 silver two years because of higher energy costs and dollar devaluation.

This storm may mark the bottom in silver. We'll see.

Re: Questions From A Novice
 

Thanks for your comments, I am seeing this in a little differant light. I see monday morning the market to hit the comode and slip when it tries to get up. I figure the Greenspins statements on the housing bubble are going to have a huge negative impact on the market and the crude will spike for its best and latest excuse, katrina.
I thought all this may be good for the PMs but then looking at the last two weeks in silver, I am thinking it likely will not go along for the ride. I figure it will drop, if it hits $6.50 I will hit on a load of Eagles, they will $7.99 ea and that is good enough for an initial hit. If it does like i figure and goes to $6.30 I am going to sell equity and push for the load.
My My look at the updated graff now. Balls that can make a guys stomach upset. :woohoo:

Re: Questions From A Novice
 

If it does goes to $6.30 and you can actually buy physical silver at that price (+ .30 to .45 per oz commission), I will be selling equity also and backing the truck up. I just can't see many people selling off their inventory or investors cashing out at those prices.

I don't know much about charts but I understand that looking at a 24hr chart is mainly "noise". About all I pay attention to is the trend line on longer charts.

Re: Questions From A Novice
 

Thanks for your reply. I understand that most look at the trends however the market, all markets are extremely volatile in these times. You can count on nothing from one day to the next. I was planning to buy more eagles at 1.49 over spot that is being promoted now from one of the exchanges. I want them for under $8.00 so $6,49 is the mark. If it goes to the $6.35, I am not going to be particular and will likely buy bags.

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It�s going to go down hard at least once more before the end of the year. I figure that is the last big opportunity for a long time to come.


This is only one of the reasons why. The Dow plunging over 200 points tomorrow is another. .

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Re: Questions From A Novice
 

Curtman,

I agree with Bobcat that $7 is a good buy price. If you look at the 6 month silver chart, the low was $6.74 here recently on Aug 31. The high was $7.53 on June 3rd. The winter season seems to help drive prices up. Silver hit $8.04 on Dec 2nd,2004.

I don't think you will see your $6.50, but there might be some swings down into the high $6 range, then again maybe not.

I'd just buy now for as low as you can over spot. If the POS booms, it won't really matter if you bought at $6.50 or $7. And you always pay a premium over spot anyway. You can sell it back over the spot price also.

Re: Questions From A Novice
 

This is my thinking as well. Why sweat it out over the 50 cents, if you think the ultimate price will be multiples of $7.

Buy some now, and more later if you get your drop to $6.50.