The Men Separated from the Boys

Discussion in 'Bullion Investing' started by fatima, May 5, 2011.

  1. fatima

    fatima Junior Member

    So now that we have seen a sharp reversal of silver (and to a lesser extent the other PMs) I notice the silver bugs have disappeared.

    So who is buying now? (Endless posts about silver headed to the moon seems like a distant memory now. What was it? ... a week or so ago? :smile )

    Remember it's a buying opportunity.
    Two Dogs likes this.
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  3. dan8802

    dan8802 New Member

    Holding... Might buy a little.
  4. Palladium

    Palladium New Member

    Holding silver, preparing to buy gold
  5. Juan

    Juan New Member

    I will buy as soon as I can. I still love silver, maybe its a good time to buy silver proof coins.

  6. saltysam-1

    saltysam-1 Junior Member

    My silver investing is accidental. It happens to be what the coins I buy, are made of. The bullion I own is for hedge purposes. It won't be sold or added to. However, if they are going to give it away in the low or mid teens again, I'll buy some.
  7. sk8er722

    sk8er722 New Member

    I was alittle worried that it would start going back up from $39 so i bougth 5oz yesterday. But she keeps going down. i told my wife that im probably gonna more when it gets down to 25-30 range. I can get a roll of 20 Philharmonic 1oz for $770 and thats with a $4oz premium! i have a price alert set for $600 for the roll...

    So ill wait it out a little and see if it keeps going down...
  8. Irish2Ice

    Irish2Ice Member

    The buying opportunity will come and may even be here in the $34's, but I find it hard to currently buy more with a price curve beyond a 45 degree angle. Today does look, dare I say, positive?
  9. AlexN2coins2004

    AlexN2coins2004 ASEsInMYClassifiedAD

    I agree where's that highbusterman and the other crazies? i think some people see silver as a money maker and forget to realize it's an investment...and investments do not only go up up up...and as proof we're seeing the down side now...I just wonder myself as to why such a sharp drop? wasn't it last week we saw $48/oz and now it's $34... this can't all be from bin laden and as far as some new trading rules I heard somewhere...what's that all mean? and is this drop in price overkill? or is it in line with what could very well happen due to the new trading rules?
  10. Bluesboy65

    Bluesboy65 New Member

    Too early to pat myself on the back but these were my thoughts on April 20 & 22 (this may have been my broken clock being right twice a day). The timing may be a little off and it sure looks like the pull back may be steeper but I think things are shaping up to shake a lot of people out of equities, commodities, treasuries etc. Perhaps putting a lot of cash on the sidelines for a little while.

    What I'm looking for right now is a solid lower resistance level because this could be an incredible buying opportunity. But you have to be careful catching a falling knife. Anyone care to share there thoughts on analyzing the bottom?



    Silver is a fast rollercoaster and alot of investers will jump ship at the first signs of dip in price. The more that is sold the cheaper it will get. On to bigger and brighter things may meen great deals for those in for the long haul.
  12. Elapid

    Elapid Member

    FWIW I'm buying faster now with it headed down. It's going to bounce off the bottom when it hits it.
  13. rickmp

    rickmp Frequently flatulent.

    I bought 1000 ASE's in Feb and Mar 2010 at an average of $17 ea. Just sold it all when APMEX offered $3.00 over spot. Got $50.75 per oz. 200% return in one year. I'll buy $50K worth when it hits $30 and hope for another good year.
  14. Tater

    Tater Coin Collector

    I love it +1.

    Where are they now? As for me I want to see what it does tomorrow before the weekend to see if I am ready to back it, but I'll be honest I think it has more room to drop.


  16. SilverSurfer

    SilverSurfer Whack Job

    I'm so glad this is happening. I hope a few of you were wise enough to sell when the price was at the lower $40 range. The reason for the sell off is the margin increase. I believe the requirement for a 5000 ounce contacts was around $11,000. So, any schmoe trader could buy $200,000 worth of silver for $11,000. Then the margin was raised 3 times this week. I hear that the new margin is going to be $21,000 for a 5000 ounce contact. This won't stop traders in the future from buying $200,000 worth of silver with $21,000 up front. But it does force those currently over leveraged to put up more money to keep their contracts in place. If you own the physical silver and are not over leveraged with some silly contract, the margin hike doesn't affect you. Thank you Comex for making silver cheaper for all of us serious physical buyers to purchase at a reduced cost. The lesson here is to own the physical and not to be over leveraged with some paper contract.

    BTW, this is proof that silver can and will exceed $50 an ounce, once the sell off is finished and the price starts to advance again. Nothing fundamentally has changed. The only change is the weak hands have been forced to sell causing further selling. This can't go on forever, just as the price spike up wasn't forever.
  17. lackluster

    lackluster Junior Member

    Everyone loves to be proven right, so now the bears are feeling right. So maybe you should start telling everyone how low silver is going. I'll say $25. Of course no one really knows anything but everyone loves to feel like they do.

  18. Irish2Ice

    Irish2Ice Member

    There seems to be a pretty strong floor @ $34 with today trading.

    "Experts" have been saying for several weeks now that there was significant support in the $34 range.
  19. Levi

    Levi Member

    I'd feel pretty comfortable buying in at this point, but premiums are pretty high.
    Wish I could find ASEs, Maples or Libertads at what spot is now.
    $SILVER 05.05.11.png
  20. Palladium

    Palladium New Member

    $34 is what I have read everywhere as well (even though no one knows they have consistently been more accurate than all the 'guessers' that want to be proven right).

    Silver does seem stuck at $34 creeping upwards by the cent. It will be interesting to see what happens if Silver falls through the $34 range.. predictors say it could end up in the high teens.
  21. chip

    chip Novice collector

    It would not hurt my feelings if you bought 200k worth of anything that you paid 200k.
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