Realcent.org

What is your strategy?

Are you saving a certain dollar amount?
Are you going to buy at a certain price, or continue to buy on the way to a target price?
What are you going to buy (90%, scrap, .999, ETF's miners?)
Are you going to try to flip for a quick profit?

Just curious as to the thought process and strategy to maximize your holdings' value...

I already have enough bullion. Now I'm looking to optimize my secondary investment, equities, in order to gain more leverage. I own AGQ, but I'm not going to trim that position, just stay with it thru ups and downs as I fully expect the silver price to be multiples of where it now is, and that will be a fine vehicle to carry me to that destination. However, the large cap gold miners have lagged GLD throughout the ascension of gold, so I sold a bit and am buying a basket of junior silver producers/explorers. These will explode when silver lifts off. I looked at the silver miners listed on Kitco's pages, and the stocks followed by Jordan Roy Byrne, and have been picking up a bit here and there, to be buy and hold rather than trading for short term profits. Had I attempted to time SVM or EXK recently, I would have been sidelined in cash still awaiting a pullback. AXU is screaming right now, SLW stalled. SSRI is starting to move, and HL is steady, as is PAAS. CDE has been dead in the water so long I dumped it quite a while ago. I have been looking at rare earth producers (very few of them) and just bought REE on weakness at $7.75. Rare earths have a very interesting story, as China has a monopoly on 97% of their production. A prudent individual will consider raking some profits from gold and silver paper moves, this is where I'm putting mine, rare earths. And what, may we ask Michael, is your own strategy?

$17 is my pullback target for silver. I would buy 1-10oz bars.

beauanderos wrote:And what, may we ask Michael, is your own strategy?

Keep the furnaces hot- buy all that I can and sell all that I can! Price doesn't mean much to me.

Don't worry guys, there WILL be a pullback, Of course it might hit $30 first then pullback to $28. Seriously though in my case it doesn't matter. I'm a buy and hold type of guy. At some future time whether next month or 2 years from now i today's price will seem like a steal.

I was just frustrated that my birthday was sept 28 and planned on getting a roll of maples with some
of the money I got. I ended up not being able to afford them Now that it's gone up. I'm just going to
buy a certain $$ amount each week and hedge my bets. If it ever gets down to what I'd perfer so be it, but I'll keep
buying a little here and there til then.. If ever

If it goes down to 18 I am going to make a few large buys in .999 silver rounds, something pretty like Canadian wolves or Australian rabbits. If it stays here or goes up I am taking some profits with stuff I don't mind letting go that I mostly bought at the 15 dollar or less level. I am now only making small purchases with good deals on numismatic value items and under spot deals that come my way. I buy any percentage silver coins but like the 90%- .999 best!

Oh yeah, I've been mainly buying small lots of 90% off Craigslist for a little below spot and an ounce or two a week of .999... I pay more than these Dealers offering nothing for these coins and less than I would anywhere else.. Win-Win.

MO-SILVER! wrote:Oh yeah, I've been mainly buying small lots of 90% off Craigslist for a little below spot and an ounce or two a week of .999... I pay more than these Dealers offering nothing for these coins and less than I would anywhere else.. Win-Win.

I've had ads on CL for a month and nothing!!!! grrrrrrrr

I don't know what to tell ya! I'm usually inundated with interest at least. Sometimes I
turn them down for both parties.. Driving 45 mins both ways to get a single half isn't worth it for either since I'm not going to lose money doing it. I feel like I get emails from other people who put ads up aswell to see what I pay. I have emailed some before to see what they offer and it's usually pretty low but some make decent offers. I went in a shop today that mentioned they'd pick up any old 90% at... Wait for it... 12x face.

I've tried craigslist a couple of times and it has proven to be a bust for me too. Maybe need to be more regular with my ad - it does get buried quite quickly. I haven't bought any silver above $17. Probably see if we get a pullback to the $20 range or so and buy more if it does. And I guess buy more if it doesn't too, just less....lol.

misteroman wrote:

MO-SILVER! wrote:Oh yeah, I've been mainly buying small lots of 90% off Craigslist for a little below spot and an ounce or two a week of .999... I pay more than these Dealers offering nothing for these coins and less than I would anywhere else.. Win-Win.

I've had ads on CL for a month and nothing!!!! grrrrrrrr

Could this mean, Derek, that either the locals are holding out for higher offers... or they've already sold out? If local supplies are drying up this rapidly, the price will accelerate even faster. Be careful about taking a quick profit... you might not be able to get back in

Trading a ton of miners right now. Anyone not in it is going to miss some serious profits. There are some good threads on Kitco.

This wasn't supposed to happen. I bought a bunch Tuesday night. Seems I can't turn the market anymore.

The pullback is TODAY. If you don't believe it, wait till tomorrow and see if is cheaper than today.

it will it a plateau and level off. it will dip a little here and there. I don't think we will see less than 20 again any time soon.

Over the years, all of us became adjusted to the market creeping higher, then plunging, over and over again. We've become programmed as to our expectations. You need to quit thinking inside that box. The rules have changed. Pullbacks will no longer mean price drops, it will only mean the price is moving sideways or not rising as quickly as on the strong days. Though people will continue to sell into rallies, as they watch the markets move higher and higher without them, they will learn to stop doing that. When the price does stall out a bit due to selling or manipulation, those who have been astounded by the rise will pounce on that temporary weakness and provide a bottom. Now (with competitive worldwide currency devaluation) is not a time when we're likely to see the old pricing patterns of two steps forward and one step back. From here on out it's more likely to be three steps forward, pause... or one step forward, three or four steps forward, pause, etc. Once silver and gold are deemed by the markets to be fairly priced in comparison to worthless fiat currencies, then perhaps you'll see the old paradigms re-emerge... but I don't foresee that happening anytime soon. This prediction is based on human behavior, not on technical or fundamental analysis.

Any comments on $25 silver.....seems like only yesterday we were discusing $24 silver.

This is getting a bit nuts.

Crazy Ray may end up being a silver prophet....at least a silver profit.

The strategy is to accumulate. If a pull back in silver prices, buy more. Currently not buying but sorting more. Always continuing the accumulation. If macro to local economics gets better, reevaluate and change if necessary. Untill then, accumulate.

Rodebaugh wrote:Any comments on $25 silver.....seems like only yesterday we were discusing $24 silver.

This is getting a bit nuts.

Crazy Ray may end up being a silver prophet....at least a silver profit.

May see $25 by the end of this week....

When I first started buying silver a couple years ago, $25 seemed to be a long shot. And now we are almost there. Hard to resist the urge to sell and then wait for a dip to buy more. But maybe I'll just hold & try to buy more with what little cash I have.

$0.50 or so and we'll see $25. Chuga-chuga-chuga-chuga CHOO CHOOOO

I am selling all my sterling soon. My goal is to buy back when I can get the same amount of ounces , but .999 instead of sterling, or use the money to keep buying sterling/90% under spot.

Forgive me for being nostalgic, this is what happens when you can't sleep at now 5:AM. This one originated by Market Harmony seemed apropos to start again.

My overall strategy does not seem to have changed. Accumulate. Buy more on pull backs. Sort more when it doesn't. It served me well so far.

Today, I've shifted back to a wait and see while kicking up my sorting of CRWs. See how long this lasts.

johnbrickner wrote: See how long this lasts.

I think this is in reaction to the Turkish Embassy suicide bombing.

beauanderos wrote:

johnbrickner wrote: See how long this lasts.

I think this is in reaction to the Turkish Embassy suicide bombing.

Now the bombing has extended to COMEX