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<p>[QUOTE="petro89, post: 1733751, member: 17048"]I remember in May of 2011 I went to a local show and I was selling rolls of 90% junk halves at 32x. Just later that day they killed Bin Laden and the slide downwards started. So there was some luck involved, but as I said I am not too concerned with tops and bottoms...just with buying while the trend is low and selling while the trend is high. And when I do sell, I take the profits and buy more when it is low.</p><p><br /></p><p>If Bin Laden wasn't killed that day and silver went up higher and 2 months later I could have gotten 40x for my halves...would I have been upset that I only managed to sell mine at 32x? Nope. It is all about trends and the long-term. I don't care about specifics or getting ornery if I made $18 per ounce instead of the $24 I could have made. I have double the stash I used to have and it barely cost me anything to increase it. That, folks, is the name of the game. Accumulation and total amount. And almost always do the opposite of what most of the populace does... Most people were finally <b><i>getting in</i></b> at 35+ or 40+, not getting out. It was WAY to late to be getting in, and a good time to get out.</p><p><br /></p><p>This is a long-term game folks. If you want the chance of quick profits, forget about silver and take your check to the casino.[/QUOTE]</p><p><br /></p>
[QUOTE="petro89, post: 1733751, member: 17048"]I remember in May of 2011 I went to a local show and I was selling rolls of 90% junk halves at 32x. Just later that day they killed Bin Laden and the slide downwards started. So there was some luck involved, but as I said I am not too concerned with tops and bottoms...just with buying while the trend is low and selling while the trend is high. And when I do sell, I take the profits and buy more when it is low. If Bin Laden wasn't killed that day and silver went up higher and 2 months later I could have gotten 40x for my halves...would I have been upset that I only managed to sell mine at 32x? Nope. It is all about trends and the long-term. I don't care about specifics or getting ornery if I made $18 per ounce instead of the $24 I could have made. I have double the stash I used to have and it barely cost me anything to increase it. That, folks, is the name of the game. Accumulation and total amount. And almost always do the opposite of what most of the populace does... Most people were finally [B][I]getting in[/I][/B] at 35+ or 40+, not getting out. It was WAY to late to be getting in, and a good time to get out. This is a long-term game folks. If you want the chance of quick profits, forget about silver and take your check to the casino.[/QUOTE]
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