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When to pull the trigger?

Discussion in 'Gold Silver (All things Metal)' started by Hunts1980, Jun 4, 2015.



  1. Hunts1980

    Hunts1980 Banned

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    Anybody else getting ready for the bottom of this dip? I am.

    Just wanted to chat to others about where the bottom will be this time, I hope this is going to be a big dip.

    I am all ready to pull the trigger on a few hundred more silver maples, if it will just go that bit lower, or is this the bottom?
     
  2. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter ++

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    Bottom fishing is always dangerous. Set a price you're willing to pay and do your buying but always try to leave some currency free in case the market dips. Sitting too long on the sidelines risks you being left behind. You don't want to get too greedy.
     
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  3. Hunts1980

    Hunts1980 Banned

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    Trouble this time I'm making a larger order than usual, I'm happy with the price right now but will wait a little, if it goes lower I will be very very happy. If I miss the bottom I will wait for the next big dip and save even more currency units for an even bigger order.
     
  4. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter ++

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    What I do is buy in 20-100 ounce increments, depending on the deal. I don't overbuy during down cycles. Usually I stay right around $1 over spot when I do buy. The last month or so spot has been between $16-17. I buy when spot hits the low end of that and sit when it approaches 17. Trying to make a one time killing can sometimes work against you when the price drops the next day. It's a gamble my friend :)
     
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  5. Mr Paradise

    Mr Paradise Midas Member Midas Member

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  6. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter ++

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    I loved their movies!
     
  7. Hunts1980

    Hunts1980 Banned

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    Yep, but I'm in the UK, our silver is worth 20% more anyway, and we have to buy hundreds of ounce to get the best deal
     
  8. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter ++

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    When in the UK, do as the Brits do! :9536:

    Being in the US I don't have a feel for the guidelines you guys have to work within
     
  9. Hunts1980

    Hunts1980 Banned

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    Well once inside UK boarders your silver is worth 20% more, but you have to pay the 20% to get it inside.

    The thing is, I have a plan to get it in without the 20% added on, but it really needs to be a large order.
     
  10. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

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    When gold hits $1168.
     
  11. solarion

    solarion Gold Member Gold Chaser

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    That will be in a few hours at this rate of decline.
     
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  12. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter ++

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    Looks like another buying opportunity coming up folks.
     
  13. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

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    You can't get there from here.
    The dream of $1140 still holds. If it gets close, I'm backing up the grandkid's flintstone mobile.

    flintstone mobile.jpg
     
  14. CrimsonGuardJay

    CrimsonGuardJay Silver Member Silver Miner

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    1175 and dropping, folks...
     
  15. southfork

    southfork Mother Lode Found Mother Lode

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    I would wait, economics have never been so bad and lipsticked by tptb, I have a bad feeling the mother of wacks is coming. JMHO
     
  16. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

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    Just lookin' for a safe harbor in a shit storm. I suspect a lot of people are. The question always remains the same, when do you sail into the harbor?

    Guess I personally am going to grab the magic 8 ball, it has worked before. I will do it now.

    Question: should I get out of Roth and into gold now?

    magic 8 ball: Cannot predict now.

    Question: should I get out of Roth and into silver now?

    magic 8 ball: Don't count on it.


    Guess I'll wait a bit.
     
  17. Ahillock

    Ahillock A nobody Mother Lode

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    ^ Now you need to ask:

    Do I stay in my Roth as is?
     
  18. GOLDBRIX

    GOLDBRIX God,Donald Trump,most in GIM2 I Trust. OTHERS-meh Site Supporter Platinum Bling

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    "Bears make money, Bulls make money, HOGS GET SLAUGHTERD"
     
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  19. 90%RealMoney

    90%RealMoney Midas Member Midas Member

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    If you like maples, here's a good deal for today: http://www.ebay.com/itm/SPECIAL-PRI...678?pt=LH_DefaultDomain_0&hash=item1c4bdfd586
     
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  20. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

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    You can't get there from here.
    I'm afraid to ask.
     
  21. pitw

    pitw Gold Member Gold Chaser Site Supporter

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    I'd say when the sights are lined up. If you have no target then that may be a problem.
     
  22. Mr Paradise

    Mr Paradise Midas Member Midas Member

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    What's slaughterd? A pulled pork sandwich with cole slaw and mustard. ;-)
     
  23. BUILT TO LAST

    BUILT TO LAST Gold Member Gold Chaser

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    "With precious metals, you can always afford to be two years early, but you can never afford to be ten minutes late."
     
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  24. 90%RealMoney

    90%RealMoney Midas Member Midas Member

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    Silver just broke, and closed at the low of the day.
     

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  25. savvydon

    savvydon Gold Member Gold Chaser

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    What he said. This is a fine time to pull the trigger.
     
  26. Mr Paradise

    Mr Paradise Midas Member Midas Member

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    Booya! skeeedaddy.

    Metals still trending lower ...don't get slawtird.


    I watched a YouTube video ...AG is going to DA Moon! After it goes to $13 of course.
     
  27. savvydon

    savvydon Gold Member Gold Chaser

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    Ag a bargain at $13. Still a bargain at $16. If you have the spare FRNs its all good down here... even if you don't have the internet hook up to watch da YouTube vid.:s13:
     
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  28. TAEZZAR

    TAEZZAR LADY JUSTICE ISNT BLIND, SHES JUST AFRAID TO WATCH Midas Member Site Supporter

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    I bought a bunch of yellow in 2011 & was heee hawwing as it went up, now I am waiting for it to turn around.
    It's not a big deal, get in when you can & ride the waves.
    Unless you are speculating. Then you might add frozen pork bellies to your portfolio.
     
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  29. Hunts1980

    Hunts1980 Banned

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    Thats it Im selling the car.

    Seriously, we will walk to school and Mrs Hunts1980 will be walking to work and shopping, until the top of the next peak in silver.

    If it goes down anymore Im selling my grandmother, Ive got nothing else to sell :) We wanted a bigger car anyway, Im selling it and putting the funds towards my big purchase. I was going to order 300 silver maples, but Im striving for a 500 mint case. We will wait a few months or even longer, however long it takes until silver is on an obvious peak again. Or if I can manage I would like to not sell any silver and try and buy a cheaper car, or even try and do without until the silver manipulation is over, even though I think thats years away.

    Im even fasting for silver, 2 days a week, going without food so I can scrape together enough funds for another yellow box of 500 2015 maples :)
     
  30. blueice

    blueice Gold Chaser Platinum Bling

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    “Gold is a play on the economic weakness caused by bad policy and on declining confidence in the banking establishment (led by the Fed in the US). That’s why cyclical gold bull markets are invariably born of banking/financial crisis and/or recession, and why a cyclical gold bull market is more likely to begin amidst rising deflation fear than rising inflation fear.”

    I believe this to be sound advice and fundamentally true.
     
  31. Hunts1980

    Hunts1980 Banned

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    I'm calling it, that's good enough for me, the bottom is in enough for me this dip, I'm pulling the trigger on 500 maples.
    Just fixed the price and now all I have to do is pay :)
     
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  32. savvydon

    savvydon Gold Member Gold Chaser

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    Good Man! :applause_smiley:
     
  33. goldielox1

    goldielox1 Seeker Seeker

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    So far it looks like I backed up the truck at the absolute bottom for gold this time. Kimco bid was at 1166 and I got 1168 (ask price) from online dealer. Silver dropped a little bit since but is back around when I pulled the trigger. I guess you can catch a falling knife. :)
     
  34. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter ++

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    At this point, if you're judging your move on a few bucks an ounce for gold or a buck an ounce for silver, you MAY miss the train as it pulls out of the station.

    That being said, I think silver is still a bargain and I'm forcing myself to lay off more gold until the weekend.
    Disclaimer:
    I'm not an expert and your mileage may vary
     
  35. 90%RealMoney

    90%RealMoney Midas Member Midas Member

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    I think silver is a bargain as well. Hope it goes down a bit more. I'm no expert either, but I get great mileage in this baby!
     

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  36. Ahillock

    Ahillock A nobody Mother Lode

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    For an average Joe, I still haven't been convinced of a better asset than silver & gold for wealth storage. Especially in a QE + ZIRP/NIRP environment. If you don't trust the bankers and politicians, you believe in silver and gold as a way to safeguard your wealth.

    So in my opinion if you are concerned about keeping your wealth safe, there is no bad time to trade in paper for physical bullion. Sure you buy more on the dips as you are able to. But if you DCA in the long term it really doesn't matter. Trying to game the system and wait for 'the bottom' is a fool's errand.
     
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  37. SilverCity

    SilverCity Gold Member Gold Chaser

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    Traded for a Pamp Suisse bar just today. Are they worth anything? LOL

    SC
     
  38. Hunts1980

    Hunts1980 Banned

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    I wonder how the fed meeting will affect things in the metals, up or down?
     
  39. solarion

    solarion Gold Member Gold Chaser

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    The "dollar" could be up or down based on fed blather, but metals will almost certainly be down when new fed propaganda is regurgitated. Bond yields are what I'll be watching.
     
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  40. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter ++

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    What do you think of bond yields so far???
     

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