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<p>[QUOTE=&quot;Collecting Nut, post: 2996320, member: 74863&quot;][QUOTE=&quot;mikenoodle, post: 2996194, member: 307&quot;....let&#039;s say you bought silver when it was on its last run up and bought at about $30/oz and watched it go up to $49, but then watched it drop to almost $16/oz, I can see that as being burned.[/QUOTE]</p><p>Buy 1 oz at $30, ok it went up, you held, then it dropped to $16. Just hold it and buy another oz. Now you have 2 ozs. at $23 each. Buy another oz. at $16. Your costs for each of the 3 oz. is $20.67. You hold and wait until goes back up, It might be longer than you wanted but you should have learned from you mistake. You corrected it by averaging down. At $16 all silver needs to do is go up $4.67 to break even and that&#039;s a lot better than waiting for silver to go up $14 to break even. Don&#039;t panic. Don&#039;t over react. Be patient and think things through. You&#039;ll be better off in the end. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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