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When to pull the trigger?

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#1
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?
 

the_shootist

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#2
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?
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
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.
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.
 

the_shootist

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#4
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.
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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#7
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 :)

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
 

the_shootist

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#8
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
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
 
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#9
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.
 

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#16
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.
 

GOLDBRIX

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#18
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.

"Bears make money, Bulls make money, HOGS GET SLAUGHTERD"
 

90%RealMoney

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#19

pitw

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#21
I'd say when the sights are lined up. If you have no target then that may be a problem.
 

Mr Paradise

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#22
"Bears make money, Bulls make money, HOGS GET SLAUGHTERD"
What's slaughterd? A pulled pork sandwich with cole slaw and mustard. ;-)
 

Mr Paradise

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#26
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.
 

savvydon

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#27
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.
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:
 

TAEZZAR

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#28
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
The dream of $1140 still holds. If it gets close, I'm backing up the grandkid's flintstone mobile.

View attachment 74284
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 :)
 

blueice

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#30
“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.
 
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#31
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 :)
 

savvydon

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#32
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 :)
Good Man! :applause_smiley:
 

goldielox1

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#33
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. :)
 

the_shootist

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#34
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. :)
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
 

Ahillock

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#36
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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#38
I wonder how the fed meeting will affect things in the metals, up or down?
 

solarion

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