Loading ...Macroman, thanks, I have the same feeling. Something is about to break. There has been too much effort to destroy the PM’s…..to discredit Silver and gold. Why?? I don’t know but I believe it is to make the last man standing bail out and never return to the sector……and that’s about where we are today. There’s nobody left to discourage. Also when the “something” happens I believe it will be immediate and will allow nobody any chance to get either phyz of shares if they don’t already have them. ETF’s are a “no problem” for TPTB. They can just de-list them and screw those who thought they had something worthwhile. They are nothing but derivatives.
Ipso, who know what is true or fabricated, but when we live in countries that are run by criminals anything is possible, or even likely.
Equise, the only way we can lose is if we give up and sell out. Some of us are NOT quitters. IMO our day will come, and soon, and when it does it will have been worth the wait. :o)
Winedoc, I used to teach dollar cost averaging to school teachers, but that was 40+ years ago. It’s the greatest way to accumulate the most of anything with the least risk of choosing the wrong entry point. Invest a fixed number of dollars into a fluctuating price. The example I used to use is eggs: You spend $2 every day for a week.
Monday you buy a dozen eggs for $2…………………………………………………………………………………………..12 eggs
Tuesday eggs have gone up by 50% so you can only buy 8 eggs with your $2………………………………………8 eggs
Wednesday eggs are back to $2 so you buy a dozen………………………………………………………………………..12 eggs
Thursday eggs have gone down by 50% so you buy 2 dozen eggs for $2…………………………………………….24 eggs
Friday eggs are back to $2 so you buy a dozen……………………………………………………………………………….12 eggs
In 5 days, the price of eggs has returned to $2 but due to the fluctuating price, by using dollar cost averaging, you have purchased 68 eggs rather than 60 eggs for the same total cost. The advantage is clearly with using dollar cost averaging………………………..Silverngold