Agree fully. And my money is where my mouth is (so I hope we're both right). I've been buying, and I'm continuing to buy, though I am trying to buy in the minor
dips, and suck up stuff as a bottom-feeder, rather than buy at the minor
peaks. I could cash in all the chips and go for broke, but that isn't my nature - so I am holding back reserve, and buying at a measured pace - and I will hopefully always have something available in reserve to catch a larger dip if it does happen.
Market Harmony wrote:I would just like to express my concern for anyone trying to game this price move since we broke $22. This is a monstrous move that will amaze everyone when it finally ends. It's going to be a longer ride than many people anticipate. These ideas of pullbacks to the $20's are PIPE DREAMS. Folks, silver is cheap right now. More and more people are realizing this every day. Price will not be able to go that low ever again.
I have tried to tell people in the past that PRICE DISCOVERY IS AN AMAZING PROCESS. I have seen it happen in many arenas... the stock market, the commodities market, and even a coin show. All that it will take is some big money to sit down and do an analysis of their portfolio. If they seek to maximize gains then they will look for the best investment. When they see the fundamentals of PM's (especially silver) then they will break down the numbers to determine what their profit potential will be. When they see that silver is extremely undervalued, then they will project a fair market price and BUY EVERYTHING UNDER THAT PRICE... At that point, $30, $40, $50, $100... it won't matter, they will just buy because they already figured out what it is worth and they will use their big bank accounts to buy all they can at prices less than what their own internal analyst have determined. Imagine, then, that more than one company / large investor figures this out!
Guys, you just don't get price discovery if you try to play the minor moves.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.