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How do all the old timers feel about "silver stackers?"
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<p>[QUOTE="sakata, post: 2707780, member: 23778"]I agree with the general sentiment, but not the details or the conclusion. It will see $22-23 again, and it will trigger a lot of selling. But that is par for the course. Every cycle has seen the same. In the last 30 years each cycle has shown higher highs before retracing. But each retracement has been to a higher low. (There may be short term exceptions to that but in general it holds.) It would not surprise me to see the next high being $75 with a drop back to only $30-$35. When that will happen, I don't know. Maybe in the next 5 years. </p><p><br /></p><p>But as the DCA for my silver is way less than that I will have no complaints. If it happens (and I am not predicting it, just suggesting the possibility) then I will sell some for above $50, decrease my DCA, and sit happy.[/QUOTE]</p><p><br /></p>
[QUOTE="sakata, post: 2707780, member: 23778"]I agree with the general sentiment, but not the details or the conclusion. It will see $22-23 again, and it will trigger a lot of selling. But that is par for the course. Every cycle has seen the same. In the last 30 years each cycle has shown higher highs before retracing. But each retracement has been to a higher low. (There may be short term exceptions to that but in general it holds.) It would not surprise me to see the next high being $75 with a drop back to only $30-$35. When that will happen, I don't know. Maybe in the next 5 years. But as the DCA for my silver is way less than that I will have no complaints. If it happens (and I am not predicting it, just suggesting the possibility) then I will sell some for above $50, decrease my DCA, and sit happy.[/QUOTE]
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