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<p>[QUOTE="InfleXion, post: 1289863, member: 29012"]It really depends what your goal is. Are you trying to turn a profit, or are you trying to stack in the most cost effective manner? If you are accumulating, then $35 is a fine time to buy. It's still pretty close to where it started on the year, and I doubt we will see it get below $30 again after the new year based on the longterm bull trendlines. In the recent move to $30 silver was more oversold than it had been at any point in this bull run, even far more so than in 2008. If you're trying to turn a profit, keep in mind you're going to pay over spot, and likely sell under spot, so you are going to need close to a $5 gain just to break even. If profit is your goal then I would only buy right now with the mindset that it could potentially take a while to sell at the price you want.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1289863, member: 29012"]It really depends what your goal is. Are you trying to turn a profit, or are you trying to stack in the most cost effective manner? If you are accumulating, then $35 is a fine time to buy. It's still pretty close to where it started on the year, and I doubt we will see it get below $30 again after the new year based on the longterm bull trendlines. In the recent move to $30 silver was more oversold than it had been at any point in this bull run, even far more so than in 2008. If you're trying to turn a profit, keep in mind you're going to pay over spot, and likely sell under spot, so you are going to need close to a $5 gain just to break even. If profit is your goal then I would only buy right now with the mindset that it could potentially take a while to sell at the price you want.[/QUOTE]
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