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<p>[QUOTE=&quot;mikem2000, post: 1733271, member: 30574&quot;]Sure Chris, I certainly agree timing the bottom is all but impossible, but this market is way different than the 2009 equities market.&nbsp; There was good cause in 2009 to believe there would be a strong rebound.That market was highly oversold, the Fed was easing, bond rates were almost non-existent and most important, with equities, the rule is usually the harder the crash, the stronger the recovery.&nbsp; I was doing some big time DCA from when it fell below 9000.</p><p><br /></p><p>This silver market is completely different.&nbsp; There is no reason to think we will have a sharp recovery.&nbsp; The first reason is metal just don&#039;t act like equities.&nbsp; Since they do not grow, no one looks at them with &quot;future&quot; earnings potential, this will dampen any &quot;big move&quot; recoveries.&nbsp; Reason number 2 is there is a good case to be made that this market is not oversold at all.&nbsp; Even if we used the accepted numbers, we are really just trading at fair value, give or take.&nbsp; I am started to think however that the real numbers are actually a bit lower, as Justafarmer pointed out in his excellent post a few weeks back. Reason 3, the Fed will eventually tighten, and the Greenback is strengthening, these things are just not bullish for PM.</p><p><br /></p><p>So, in short,&nbsp; it seems to me a V shape recovery is very unlikely, so this gives you the luxury of waiting a bit.&nbsp; When the market gives you time, you use it to your advantage.</p><p><br /></p><p>I don&#039;t think 13 dollar silver is a stretch here, but more important, that 13 dollars could come in days.&nbsp; On the flip side I would be totally shocked if a 6 dollar rise in price would happen in days. So that 6 dollar swing either way is 30%&nbsp; On the downside we maybe measuring it in days, on the upside, we may be measuring it in years.&nbsp; For now, I believe patience will be rewarded, but what do I know, I&#039;m just a college dropout <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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