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Message:: [QUOTE="WingedLiberty, post: 1173416, member: 26030"]This has to be one of my best calls ever; especially considering I wrote this with silver over $49 an ounce.  Silver reached $35.75 today.   So glad I dumped out of my paper silver -- most I sold with silver over $49, the rest I sold when silver broke below $47. I am continuing to add to physical silver positions (ASEs).  I think $35 could be a good support level, so I will continue to buy lightly in here.  My hoard of silver coins has a cost basis between $21 and $24 an ounce (I really should figure that out exactly).  So I am not worried -- keep dropping and I'll buy more coins! The CME is really leaning on silver ... they keep raising margin requirements.  It's pretty clear that the selling of the ETF's SLV and AGQ are really driving prices down.  A lot of speculators in paper silver are panicked -- and when there is panic in the air, it's typically time to buy.  AGQ, the double long silver ETF has dropped from $380 down to $190 losing half it's value in 10 days (does that look like a possible buy?).  Both SLV and AGQ pushed though the bottom of the "bollinger band" -- basically a statistical measure of price movements.  When prices push below the bottom of the bollinger band, it's a sign things are very oversold. It's also interesting that it's not just silver that's dropping: so are stocks, grains, oil, & just about everything. It's a classic risk off trade. In any case, come this Fall, I think we will be right back to $50.  There are still shortages of physical silver out there.  I bought two rolls of ASE's from my local dealer, but they cannot deliver until the end of the month.[/QUOTE]

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