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RE: Kind of Bummed. My LCS is closing...
Just when I've thought the price was going to spike because of a Death Cross, 50 DMA or 200 DMA, COT reports.....you name it. None of the fundamentals matter, no price analysis means anything and if you saw it on TV/YouTube or anywhere else on the web, it's wrong also. Been stacking for a long time and have watched this happen time and again. The price will go up eventually, but I don't think anyone can predict it.
I think you're right that none of us are going to be able to predict it. It's being manipulated so much that there's no way to tell which way it's going. Still, I am going to keep stacking. If it keeps going down, I'm going to keep getting increasingly cheap silver. :D
Same here. I've bought near $50 and under $10. As long as you are consistent, price doesn't matter. The part that makes me think it's going lower is seeing it on TV the other day. I don't watch TV but they had it on at work. I saw a buy Gold/Silver commercial. That tells me we are heading lower if I had to guess. Like the old saying "When your neighbor starts telling you about Gold and Silver, it's too late." :)
Ha ha, so you're thinking that because there are ads on tv that the price has topped out and is going down? I guess with most things that would be the case, but I feel like this is just the beginning of the prices going up.
I could be wrong though. Honestly, I would love to be wrong and see the prices drop back to $5. I wouldn't stop working to get money if silver was at $5/oz. Seriously. I would figure out how to work as much as possible and collect as much as I could. :D