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Please silver, go up in price big-time

PostPosted: Tue Jul 05, 2011 10:38 pm
by JerrySpringer
This silver price action water torture is consuming my attention too much. Either go up,up,up or drop down like a dog. I am discounting a drop in price as a great buying opportunity, so I am pretty sure that ain't gonna happen. No way I can get more ounces versus the fiat in the bank nowadays. This is a Murphy's Law situation. Buying more physical for the long run looks too plagued with the market being a volatile sucker and premiums probably rising inversely to a lowering spot price. However, a run up in price will just get it over with and a chance to sell some and get more fiat to buy copper or wait for a pullback. 'Tis a sad thing that a good bit of my cost basis could get dashed if silver drops into the 20's and lower but I kind of think that will cause many to capitulate and decide to get out of physical for good.