Realcent.org

No doubt that silver has lost some of its friends. Ten days of pounding is more than enough to rattle almost everyone. I guess. While I'm not the Alfred E Newman type saying, "What. me worry?," there are some factors that should stabilize the Ag price and, perhaps, cause it to reverse course to the upside.

Pretty easy to dump silver or any other commodity when its price is dropping fast. The downward selling gains momentum as some people try to exit the avalanche with limited profits or losses. But....... At these price points, many more silver stackers become reluctant to sell. They go into hibernation a la Rip Van Winkle and are determined to hold on now and ride it to the bottom if need be.

At these lower prices, buying interest is ignited, but the supply of available US 90% or ASEs is now a fraction of even what it was 2 weeks ago. The limited supply stabilizes the drop and is like to cause a price reversal. I believe it's called capitulation.

Again regarding Alfred E Newman, the only worrying I'll be doing is if I miss some of the great buying opportunities that'll be seen soon. I don't intend to let that happen if at all possible. I'm an old(er) guy and can still take a punch or two. Keeps me young(er), I believe. Buckle up RC'ers. We'll all make it to Emerald City.

I don't think that the buying and selling of 90% silver or ASEs has much of any effect on the spot silver price.

More people can afford silver, so more people pay attention to what is being done to silver.

Gold is left on it's own.

NHsorter wrote:I don't think that the buying and selling of 90% silver or ASEs has much of any effect on the spot silver price.

True, but increased demand makes bullion sellers more greedy (i.e. they raise prices).

Know Common Cents wrote:No doubt that silver has lost some of its friends. Ten days of pounding is more than enough to rattle almost everyone. I guess. While I'm not the Alfred E Newman type saying, "What. me worry?," there are some factors that should stabilize the Ag price and, perhaps, cause it to reverse course to the upside.

Pretty easy to dump silver or any other commodity when its price is dropping fast. The downward selling gains momentum as some people try to exit the avalanche with limited profits or losses. But....... At these price points, many more silver stackers become reluctant to sell. They go into hibernation a la Rip Van Winkle and are determined to hold on now and ride it to the bottom if need be.

At these lower prices, buying interest is ignited, but the supply of available US 90% or ASEs is now a fraction of even what it was 2 weeks ago. The limited supply stabilizes the drop and is like to cause a price reversal. I believe it's called capitulation.

Again regarding Alfred E Newman, the only worrying I'll be doing is if I miss some of the great buying opportunities that'll be seen soon. I don't intend to let that happen if at all possible. I'm an old(er) guy and can still take a punch or two. Keeps me young(er), I believe. Buckle up RC'ers. We'll all make it to Emerald City.

bro "Know"...that was some goooooood writing....amen.