How Low Will You Go?

How low will Silver get to until you make a big purchase? I'm thinking $14.50.

 

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I am not looking to time my investing at a particular bottom. Rather, I make systematic purchases on a monthly basis. This way, when then price goes higher, I will already be "in the market" and not on the sidelines and potentially missing some arbitrary entry point.

 

Yeah, you may be right. That's the thing with silver, it's crazy. I may never buy again unless it gets to those levels. I just wanted others opinions. You're input is useful though.

Are you referring to DCA? If so I have heard pros and cons to it. With silver I feel it's almost a luck thing.

 

I'm just watching to see how low it will go.
I'm following a SLV Silver ETF. Maybe if it drops low enough and I have enough built up funds I'll pull the trigger on an ETF (though have to pay taxes after selling). Otherwise I'd contemplate buying physical silver.

I do want to build up an ASE collection from 86 to present. But I'm holding off too watching the silver prices drop ...

 

I just bought gold last week, and I'm heading to auction this weekend to see what else I can pick up before the holidays.

 

Under $16 and I'll start pulling the trigger again.

Steve

 

The election threw all markets into a loop. The question is when rising asset classes will peak and declining ones will bottom out. Eenie, meenie, .....

 

My investment guy -- a seasoned, honest fellow -- says it is typical in a stock run up like we've had since the election for stocks to pull back by an amount equal to 30 percent of the run up because of profit taking. In short if the run up is $20, the pullback will be $6.

I asked him about metals. He called it a free fall that would likely overshoot, then correct somewhat to the upside. But he said, after that, prices could start falling again in the absence of any major economic event. In other words, a head fake.

 

Howdy folks,

First off, I don't try to set target buy/sell targets - too much like Technical Analysis (chart reading). I'm more of a Fundamental Analysis type. That lends itself to a regular buying program in the ilk of DCA. That said, I've been married far too long to perhaps the greatest shopper on the face of the earth, to be able to resist a Sale. When the metals go 'on sale', I standing in line like a lot of others.

For the longer run, the new admin promises a lot of spending and economic activity and the Fed just signaled a rate hike, all of which point towards greater inflation. That's on top of the current pullback largely attributable to the rising strength of the dollar.

So, yeppers, I'm buying,

and so it goes,

peace,

rono

 

So in other words he is saying metal will go down then up then down then up then down again unless "some economic event" happens in which case they will go down then up then down then up again. In plain English he doesnt have any more of s clue what PM will do than anyone else in the world.

 

I don't intend to argue with you, but that's not what he said. If you don't understand the concept of a "dead cat bounce" in investment markets, then you need to do some brushing up before you let go of your money.

 

I'm going with $15.50, which I'm hoping will happen just before Christmas.

 

I'm not making any comment on his investment guy, but that really is what metals always have and always will do. When has that not been true in the last half century?

 

Instead of chasing some arbitrary spot price, just buy high quality product at an acceptable current price (lowest premium available) from a reputable source & purchase at regular intervals (dollar cost averaging) - when the economy heats up and silver spot goes above $20, you'll be OK.

 

I would wait around January 1st or so then the markets will rumble.

 

Well here in California, there's "big time" election blues, rain, dark skies and there was almost nobody at the auction. That translated into BARGAINS for me.

The auction house was also having technical issues with the online bidders, and it all turned into the perfect storm.

A lot of items weren't marked with weight, so I did my homework Friday night and went in and weighed it all.

I found things that were marked 18k listed as 14k. I found things marked as costume jewelry that had karated hallmarks on them, and even on things that were accurate I did well.

I think in total, I averaged somewhere around 60% of melt value. It was awesome!

I haven't tested it all yet, but I've tested enough to know I could go to cash-4-gold right now and make an easy 20%.

And then there's the diamond rings I picked up... As Uncle Jed would say... "Oooooh Dawggie!"

 

Obviously, there was a good reason why we got told to do our homework as kids!

 

For the everyday purchase I can wait till the price is right, between $ 15.00 to $ 16.00 an ounce. But like right now I am gearing up to purchase the new 2017 world bullion coins which I get for the kids for Christmas so that I do whatever the spot price is right around now.

 

What auction do you attend and do you have their online URL? Thanks!