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View Full Version : Did You Buy the Dip?



Mighty Moose
17th November 2010, 23:14
I know I did! You gotta grab every opportunity given. I missed the bottom by about 40 cents.

Anybody else care to mention how close they came to catching the bottom, assuming you tried to
buy the dip? If one assumed $25 was the new $20, and acted on his or her conviction, it was
there for the taking.

Now its time to ride the wave back up again. Hang onto your boards, all you crazy, silver-surfin bugs....we're in for a wild & exciting ride! See you in the $30s. :cool:

Blades
17th November 2010, 23:25
Just hopped on at $26.10 with 360 oz @ Goldmoney.com
Lets see if its the right call.

Mighty Moose
18th November 2010, 00:00
Just hopped on at $26.10 with 360 oz @ Goldmoney.com
Lets see if its the right call.

Most excellent! Good to see you got your silver board shined up. You won't regret your decision. Get ready....I got the feeling we're in for a real nice push.

P.S. I don't know a thing about surfing (I live in the prairies, lol). I just feel like acting a little goofy.
Buying silver at close to the bottom of big dips has the effect of always making me feel giddy & euphoric. :D

maplesilverbug
18th November 2010, 00:16
See you in the $30s. :cool:

You really think that ramp at the end is sustainable?

http://www.kitco.com/LFgif/ag3650nyb.gif

Mighty Moose
18th November 2010, 00:49
You really think that ramp at the end is sustainable?

http://www.kitco.com/LFgif/ag3650nyb.gif

It wouldn't look like as much like a ramp if silver wasn't beatin below $10 back in the fall of 2008
by certain banks through their monopolizing of the market with massive, naked shorting.

The upslope would of been more gradual bringing us more naturally to where silver is right now. Just draw some straight lines at several points of key support and resistance starting back in 2003/2004. You'll see a channel forming, until all the major crapulance started taking place after JPM took over Bear Stearns & acquired all of their short positions in silver back in 2008.

Besides, more than a little was just recently shave off the ramp taking the gradient down a notch or two.

Another thing, how has the inflaton rate skewed this chart? I betch ya it doesn't look as steep or significant when the real rate of inflation is factored in.

Mighty Moose
18th November 2010, 01:50
You really think that ramp at the end is sustainable?

http://www.kitco.com/LFgif/ag3650nyb.gif


In reference to your comment above, would you have asked the same question regarding gold?

In terms of the average, yearly percentage gained, haven't silver & gold risen in reasonably close proximity for most years? The only major exception was during the orchestrated take-down of silver by JPM starting in 2008. Otherwise, there'd be no 'end-ramp' on the 10-year chart to question with any doubts about sustainability.

http://goldprice.org/charts/history/gold_10_year_o_usd.png
http://www.kitco.com/LFgif/au00-pres.gif

skijake
18th November 2010, 02:03
You really think that ramp at the end is sustainable?

http://www.kitco.com/LFgif/ag3650nyb.gif

Just to play Devil's Advocate,,,
Look at the first half of the chart you posted.
$5-$7---------------For 5 YEARS.
Who would have thought THAT was sustainable?

valerb
18th November 2010, 03:13
Just hopped on at $26.10 with 360 oz @ Goldmoney.com
Lets see if its the right call.

We'll have to wait and see how the rest of the day goes, but it's up to $26.55 at 4:03 AM. That's a $162 increase in value in 3 1/2 hours, not bad. With Silver being up 90 cents on the day, it looks like it might be another wild ride.

Cup-of-Ruin
18th November 2010, 04:16
I fired off a number of rounds @ approx. $26.

I'm happy with that, already started recieving some of the goodies, as the Mogambo Guru says: "This investing stuff is easy!"

duneyman jr
18th November 2010, 05:12
im thinking 22.oo is the goin be the dip...i been calling this right before it started it falling...i think im pretty good at figuring it out....its really not all that hard....theres a lesson too learn from this tho...You know its goin go back to almost 30 silver has always gone back to its high wether its a year or two later...now 2-3 years ago how sure could you be that it would go too 30...you know it should but it never did..now you know its been there..its common sense...it also tells you that it will eventualy be 50 dollars within few years probably...maybe 5 years but will get there..hopefully it can continue at the pace its goin instead of too fast...I didnt like it goin to almost 30 and stay there would suck...ive never played the paper game just buy physcial...but does sound fun...

Old Duck
18th November 2010, 07:12
I don't belive $26 was the dip. Need to take a look in a week or 2

Irishfan1
18th November 2010, 14:25
I missed the bottom on silvercorp stock by 1 penny. Got some at $10.15 a share. Havent bought any physical lately.

DaleFromCalgary
18th November 2010, 17:14
Last week I bought silver Maple Leafs from my dealer at C$30.54, over the counter in Calgary. Tuesday I phoned to see what the price was but they were sold out of all silver and their resupply was stranded in a truck somewhere on the Trans-Canada Highway. (Southern Alberta has had blizzard weather all week.) The truck finally showed up yesterday and I bought some more MLs at $29.66.

I mainly use dollar cost averaging although I try to buy on dips. I track my investments on spreadsheets. Since the Panic of 2008, my physical OTC bullion has averaged about 30% up despite constantly buying more at higher prices. My conventional oil (mineral rights, wells) is about even, and my paper investments are 10% to 25% below the pre-Panic level.

What I'm trying to say here is don't obsess about short-term spikes or corrections. Keep looking at the long-term charts.