Silver....all about the economic outlook...

I'm waiting for $9.97 per oz to buy. Might take 15 to 21 1/2 months... talk is cheap...

If you're such a genius, why don't you go short?
 

So far silver hasn't broken 18 but has gotten near a couple of times. Probably is because any lower and more longs would demand delivery and they probably don't have enough of the large amounts. So they can keep the price in its range and make money long and short.

I would easily go all in at 12. Maybe the paper price could do that if they could settle the contracts in cash, but not in physical. If silver is a great buy at 12 it is not too terrible at 19 if you think one day it will get back to 50.

Just my opinion.

Jim
 

Attachments

  • image.jpg
    image.jpg
    98.5 KB · Views: 228
You're quite right. I'm an object lesson in the folly of over-investing in a single asset class, and it's a testament to my pertinacity that I continue to do so(I did buy those gold coins, and only with difficulty refrained from buying some silver maple leafs).

I would have been less hostile (perhaps) if you'd set out some sort of argument for your prediction. If I were to infer it from your thread title I suppose it would be that you see the economic outlook as poor (I agree BTW) and that silver will fall until it improves and then rise along with it?
 

coinbug said:
You're quite right. I'm an object lesson in the folly of over-investing in a single asset class, and it's a testament to my pertinacity that I continue to do so(I did buy those gold coins, and only with difficulty refrained from buying some silver maple leafs).

I would have been less hostile (perhaps) if you'd set out some sort of argument for your prediction. If I were to infer it from your thread title I suppose it would be that you see the economic outlook as poor (I agree BTW) and that silver will fall until it improves and then rise along with it?
Click to expand...

Point taken. On the contrary, I believe the outlook to be more positive than negative, therefore more investors will lean towards equities rather than PM's. The Fed ain't going away anytime soon.
 

cdickrun64 said:
Point taken. On the contrary, I believe the outlook to be more positive than negative, therefore more investors will lean towards equities rather than PM's. The Fed ain't going away anytime soon.
Click to expand...


Can you cite one or two positive indicators? I am curious because I can find no evidence we are improving, unless you are talking about the past year or two only, and not about comparing now to the past 80 years or so.

Jim
 

jim4silver said:
Can you cite one or two positive indicators? I am curious because I can find no evidence we are improving, unless you are talking about the past year or two only, and not about comparing now to the past 80 years or so.

Jim
Click to expand...

Dow +9.6% last 12 months
nasdaq +19% last 12 months
ISM manufacturing report positive trend 11 months
 

cdickrun64 said:
Dow +9.6% last 12 months
nasdaq +19% last 12 months
ISM manufacturing report positive trend 11 months
Click to expand...

How much of the stock gains were due to quantitative easing? I listen to the cable financial pundits etc in the car and office and for the past year + it was never about how well the companies were doing, it was "will the fed taper?" or not. Now that they are tapering the markets have not moved up much at all. You quote Nasdaq, but that market has not been doing so well since the tapering has been going on if you look at the charts.

The stock market and the US economy are not one in the same necessarily. I can only say from being a small business owner and seeing a decline in business in my world and that of other small business owners I am friends with in different trades, that things are not getting better.

That nasty national debt isn't going away and the dollar is losing share worldwide as we speak and this trend will only get worse. I wish it weren't so. Right now it is easy to be a PM bear and look smart. We'll see though in the next months or year who is right and who is wrong.

Just my opinion.

Jim
 

Last edited:
jim4silver said:
How much of the stock gains were due to quantitative easing? I listen to the cable financial pundits etc in the car and office and for the past year + it was never about how well the companies were doing, it was "will the fed taper?" or not. Now that they are tapering the markets have not moved up much at all. You quote Nasdaq, but that market has not been doing so well since the tapering has been going on if you look at the charts.

The stock market and the US economy are not one in the same necessarily. I can only say from being a small business owner and seeing a decline in business in my world and that of other small business owners I am friends with in different trades, that things are not getting better.

That nasty national debt isn't going away and the dollar is losing share worldwide as we speak and this trend will only get worse. I wish it weren't so. Right now it is easy to be a PM bear and look smart. We'll see though in the next months or year who is right and who is wrong.

Just my opinion.

Jim
Click to expand...

so you are long PM's? I qouted 12 month indicators because the vast majority of investors are short sighted. Nobody looks long term anymore. Buy and hold is a dead science, in my opinion, especially in stocks. I work in the financial services industry, and agree with your comment regarding Main st vs. Wall Street. The disconnect is not a factor to Joe Investor, as long as stocks keep going up.
 

Are you guys insane? $9 Silver? $12.50 Silver? You do realize it costs more than that to produce an ounce? If silver did somehow make it that low, the vaults would be locked and the keys thrown away.
 

Open market...LOL!

Guess that explains where you're ideas come from. Thanks for the update!

Jim
 

cdickrun64 said:
open market sets the price.....
Click to expand...
That is correct, Sir.

Just waiting for set price to be closer to cost than .999 pure buffalo silver-tongued rounders.. ;)


Sent from my iPhone using Tapatalk
 

Last edited:
Almost there!! Although my new target may be $10-$11.
 

I said a while back along with several others, I would start buying at 16. Good to my word, 8 oz. now. I will string it out as the price goes down. Cant take a chance something weird will happen and it start going back up. Already told it is too soon to start buying. Bird in the hand. I figure silver, to me, is worth more than what I'm paying now. Just the way I look at it.
 

You must log in or register to reply here.

5 Banks Being Sued on Claims of Fixing Price of Gold

⬅️ Previous Thread

SILVERTOWNE GIVEAWAY ON EBAY

Next Thread ➡️

Top Member Reactions

Users who are viewing this thread

Total: 2 (members: 0, guests: 2)
We Dig Metal Detectors

Latest Discussions

Back
Top