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Silver Decline: What Is Your Trigger Point?
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<p>[QUOTE="InfleXion, post: 1397414, member: 29012"]Treehugger, my trigger point is every 2 weeks when I get a paycheck <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> but if you want my opinion on when is the optimal time to buy, I am looking for $27-$28 as we touch down to the 2008 upward trendline, and I do honestly believe that is the last time we will be able to buy at those prices. </p><p><br /></p><p>However, Eric Sprott has tons of money sitting on the sidelines waiting to pounce on physical as soon as it touches below $30 so that could very well be the bottom as well, which David Morgan mentioned the other day on the Keiser Report. On that same interview he mentioned that when Sprott recently bought $300 million of physical the price went up the same as how much it dropped recently when the paper bugs dumped 50 times as much paper contracts. So buying physical does move the market substantially more so. </p><p><br /></p><p>Personally I am fine buying right now, because I just want tangible assets that can't be inflated away and that don't rely on faith in broken promises or financial stimulus.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1397414, member: 29012"]Treehugger, my trigger point is every 2 weeks when I get a paycheck :) but if you want my opinion on when is the optimal time to buy, I am looking for $27-$28 as we touch down to the 2008 upward trendline, and I do honestly believe that is the last time we will be able to buy at those prices. However, Eric Sprott has tons of money sitting on the sidelines waiting to pounce on physical as soon as it touches below $30 so that could very well be the bottom as well, which David Morgan mentioned the other day on the Keiser Report. On that same interview he mentioned that when Sprott recently bought $300 million of physical the price went up the same as how much it dropped recently when the paper bugs dumped 50 times as much paper contracts. So buying physical does move the market substantially more so. Personally I am fine buying right now, because I just want tangible assets that can't be inflated away and that don't rely on faith in broken promises or financial stimulus.[/QUOTE]
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