Silver Is On A Tear Today

Yeah agree Jolumoga !! but it effects period.................

 

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Yes, it does. I actually want to put money into the stock market, to participate in this country's greatness, and if I am a small fish that is impacted, just imagine bigger players. Anyway, things even out in the end. It's not much of a hit for me, and I expected some volatility. The news also affects the price of silver. The good thing here is most are long-term investors, like me, so that offers a buffer.

 

A couple takeaways
Am I the only one that read country's Greediness
Small fish don't usually fair well if Big players are introduced
Long-term investors are Supposed to be safe, But that depends on a lot of factors.
One of which is how quick you can react or get out of the room.
Risk VS Reward

 

But Is it time to use my $50.00 coupon yet?????

 

No one can tell you with certainty when to buy exactly. I will probably buy in when silver goes below $50 (which obviously I believe it will), but I could be wrong that silver will regress to the mean. If you believe Peter Schiff, now's the time to load up - but he's one-note, and has been so since I became familiar with him in the beginning of my silver journey. Maybe you should use that coupon when you see a coin that moves you, inspires you. Sometimes I see a coin and it's not a matter of price to get it. That's for numismatic. If for bullion, no one knows.

 

At now it’s up to $68.37. Who knew?

 

you did Nut

 

Not until I looked. Now it’s $69.93. Did they finally think it was too low?

 

Quite the play wasn't it?

 

Up and down again.

 

The problem now is that the market seems unclear, hence the recent volatility. In the long run, the precious metals will go up. Come to think about it, silver has run up so much that it could still technically be in a bull market, given that it's still well above the $50 high from previous bull markets, but history tells us that silver tends to suffer for years after a massive blow-off top (like when it hit $120). However, I think global debts are a serious problem, although underplayed since they have been growing for decades (there is a breaking point, IMO). Plus now silver is increasingly regarded as a strategic metal. I have a feeling we will see sub $50 again eventually. I could even see a dip into the $30s or $40s. I am doubting we will ever see the teens again, though, unless we see massive deflation (unlikely, because the printers will be turned on).

 

Silver broke $70.00 last night.

 

Which direction? I've lost track.

 

It was up but then it dropped hours later. Now it’s up and in the green for the day but it’s only $69.53.