Am I the best silver market timer ever?

[aaa30040]

I am wrong 100% of the time. I have bought a little silver 5 times in the last 3 years and on each occasion the price of silver is lower by the time my purchase arrives in the mail.

PS - I have a package being delivered today and the silver chart is in freefall.

I guess I could start a newsletter and charge a lot, just be sure to do the opposite of what I say.

[68Camaro]

Very difficult to time, as has been said many times. Market seems to be selling off this morning, broadly, and people with PMs will be having to cover margin calls - selling PMs to do so. (Not to mention an opportune time for the Cartel to attack.) Buyers will eventually come in to buy cheap metal. I've got some fresh powder dry.

[dan53]

Its funny the way things work. When silver sky rocketed to around $49.00, it created a sensation. Sensations capture the attention of the public and people become enamored with whatever is creating the sensation. Its this condition that prompts people to buy when in fact the time is perfect for selling.

[SoFa]

Wait till it's cheap. Then buy.

[Jonflyfish]

Wait till it's cheap. Then buy.

Asking a bullion dealer if it is a good time to buy silver is akin to asking a realtor if it is a good time to buy a house...It's always time to buy-
If down in price it is at a "discount" or "oversold" (whatever that means).
If up, it is only going higher (because that's what the crystal ball said when given a good rubbing) so hurry before you miss the train.
Commissions, spreads and margin are always being sought so always DYOD.
Cheers!

[rsk1963]

dont feel bad, we all have done this.

I inked a deal for almost a K between 2 places. sunday

chin up keep buying in smallish quantities unless the market gets rocked, then buy a little more than normal. your cost/dollar average will eventually win out.

[SilverEye]

Are you looking to trade, or to invest? If you want to trade, don't take physical delivery. There's too much other stuff to worry about; shipping eats profits, could get lost in transit, counterfeits, etc. Plus you're money is tied up while you wait for the metal to arrive, with no way to liquidate if price turns worse. There's nothing wrong with trading, but don't confuse it with investing. Trade the ETF's or futures. The spread (difference between buy price and sell price) is several dollars per ounce for physical, but only pennies for ETF's and futures.

I invest in silver. When I buy and it goes down, I buy more. My sell date is decades away, and I just want to preserve my purchasing power.