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<p>[QUOTE="Droidicus, post: 425408, member: 15422"]There is an old adage in investing... "Never try to catch a falling knife!" If you look at the price of silver it is still in free-fall mode, and trying to call a bottom is nearly impossible.</p><p><img src="http://www.kitco.com/lfgif/ag0365lf_ma.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>It looked like ~13 might have been a bottom, but it was still too soon to call it... and then the price plummeted again. Another saying in investment is "You will never buy at the bottom, you will never sell at the peak." While there is that one guy who will by shear luck catch the bottom or the top, it is virtually impossible to do that intentionally.</p><p><br /></p><p>These are true not just with silver, but with any investment vehicle, look at Fannie May and Freddie Mac, people were buying them when they went to 10% of their value a year ago because they were "too cheap", then they dropped 90% AGAIN after that. </p><p><br /></p><p>If you want to hold silver and cost average down, a much better plan is to wait for the bottom, where historically things tend to stabilize for a while before moving again after a sharp fall, and buy at that point.</p><p><br /></p><p>~Droid[/QUOTE]</p><p><br /></p>
[QUOTE="Droidicus, post: 425408, member: 15422"]There is an old adage in investing... "Never try to catch a falling knife!" If you look at the price of silver it is still in free-fall mode, and trying to call a bottom is nearly impossible. [IMG]http://www.kitco.com/lfgif/ag0365lf_ma.gif[/IMG] It looked like ~13 might have been a bottom, but it was still too soon to call it... and then the price plummeted again. Another saying in investment is "You will never buy at the bottom, you will never sell at the peak." While there is that one guy who will by shear luck catch the bottom or the top, it is virtually impossible to do that intentionally. These are true not just with silver, but with any investment vehicle, look at Fannie May and Freddie Mac, people were buying them when they went to 10% of their value a year ago because they were "too cheap", then they dropped 90% AGAIN after that. If you want to hold silver and cost average down, a much better plan is to wait for the bottom, where historically things tend to stabilize for a while before moving again after a sharp fall, and buy at that point. ~Droid[/QUOTE]
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