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<p>[QUOTE="Vroomer2, post: 1161072, member: 80251"]True.</p><p> </p><p>However, reading the thread starter's posts about silver bullion, he made his purchase based on what he saw others doing. As soon as he posted he had purchased silver, he asked about selling it.</p><p> </p><p>(Meanwhile, he posts about how he thinks silver will go to $50 on 4/20/2011, because he thinks so. No proof. Just a hunch. FYI: $45.77 as of this post.)</p><p> </p><p> </p><p>Now, to me, he should not be in the silver market at all because he blindly picked an entry point and didn't have any clue about an exit point. He doesn't understand any of the basics of the macro picture: The Fed, T-Bills, Benny B, Timmy G, Interest rates, the CPI, the Fed's current use of the CPI without FOOD and GAS, China, Silver ETFs, why people are in panic mode, housing prices, housing starts, homes sold, etc. The list is dam near endless.</p><p> </p><p> </p><p>Nope, none of that. It was a "<i>I see that silver is going to the moon and I need some</i>." BAM. He got some. Now it's a "<i>where do I get off this train</i>??!?!"</p><p> </p><p> </p><p> </p><p><b>News flash to all</b>: this ain't a train. It's a roller coaster. If you don't have the stomach for $50+ silver, $10 silver, and all points in between, you are buying silver for all the wrong reasons.[/QUOTE]</p><p><br /></p>
[QUOTE="Vroomer2, post: 1161072, member: 80251"]True. However, reading the thread starter's posts about silver bullion, he made his purchase based on what he saw others doing. As soon as he posted he had purchased silver, he asked about selling it. (Meanwhile, he posts about how he thinks silver will go to $50 on 4/20/2011, because he thinks so. No proof. Just a hunch. FYI: $45.77 as of this post.) Now, to me, he should not be in the silver market at all because he blindly picked an entry point and didn't have any clue about an exit point. He doesn't understand any of the basics of the macro picture: The Fed, T-Bills, Benny B, Timmy G, Interest rates, the CPI, the Fed's current use of the CPI without FOOD and GAS, China, Silver ETFs, why people are in panic mode, housing prices, housing starts, homes sold, etc. The list is dam near endless. Nope, none of that. It was a "[I]I see that silver is going to the moon and I need some[/I]." BAM. He got some. Now it's a "[I]where do I get off this train[/I]??!?!" [B]News flash to all[/B]: this ain't a train. It's a roller coaster. If you don't have the stomach for $50+ silver, $10 silver, and all points in between, you are buying silver for all the wrong reasons.[/QUOTE]
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When should I sell my silver
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