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Any Silver/Gold investors ?? I'm down $4k in 1 day

Discussion in 'BlackHat Lounge' started by SweetChuck, Sep 23, 2011.

  1. SweetChuck

    SweetChuck Junior Member

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    I'm so sick of this roller coaster and want to get off, what a fucked up volatile market this is ! I've got physical Ag and Au and so fed up with the manipulation in the silver market. On the silver Bug forums, they love these dips to buy more but I've just been holding now for 6 month and I admit I was a speculative buyer, "thank god in the low 30's" I'm thinking of bailing out above $40 if we get there in the near future, I just don't have the emotive guts for this ?

    Any thoughts ?? :confused:
     
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  2. MrE

    MrE Executive VIP Jr. VIP Premium Member

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    Haha, I don't even want to talk about how much I am down in the last 48 hours on gold/silver.

    Put it away and look back in 6-12 months and you will be happy, don't look at the day to day swings, although in times like these it is very hard. :)
     
  3. SweetChuck

    SweetChuck Junior Member

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    You sound like my wife :D

    I do have to stop looking at charts , I also have a bad habit of looking at my sites on statcounter and getting depressed , especially this week for some reason
     
    Last edited: Sep 23, 2011
  4. vulzala

    vulzala Junior Member

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    With the situation in europe I have been looking at getting into the silver/gold market and everything I have read on it says the same thing - long term investment because of the bumpy ride. :)

    Except for that huge spike in silver in the 80s the gold/silver market the long term trend is always good.

    Forget it is there look back on it in 5 years.
     
  5. NoirHat

    NoirHat Regular Member

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    Watch the TECHNICALS...
    Look at the SLOPE of the climb in price, it's not a matter of IF but WHEN will the price correct. Then you see a classic double top on the Daily...flag pattern and finally break of the trend line.
    That means Get the Fuck Out!
     

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  6. Evan Foster

    Evan Foster Junior Member

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    Better to sell all now or it will get more low!
     
  7. SweetChuck

    SweetChuck Junior Member

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    You know what I did do well in today, My company wanted to dump two industrial UPS's , I loaded up 1.4 tons of the batteries, stripped out all of the heavy copper cable, grinded the copper windings off the transformers, unbolted the alloy heatsinks and scored $1300 in scrap metal , all being paid on work time :D , So I bought some beer !

    win some loose some
     
  8. ahiddenman

    ahiddenman Elite Member

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    Silver also follows manufacturing, which is going to go right down unfortunately.

    Its down by 20% and Gold is down by around 5%.
     
  9. cashmoney2009

    cashmoney2009 Regular Member

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    It's been full of up and down hills, just hold on for the ride because at the end it wil be worth it!
     
  10. SweetChuck

    SweetChuck Junior Member

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    I'm not saying this is a major factor, but In Australia they have just cut out major subsidies on Solar Panel installations, I myself have a roof full of panels for cheap. These mainly come from china and all contain silver, demand here now is waayyy down ! solar demand here had gone mental ! demand is subsiding
     
  11. turbopugsleylx

    turbopugsleylx Jr. VIP Jr. VIP Premium Member

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    You shouldn't be in the silver market unless your in it LONG not short.....the more the dollar devalues the more it'll go up...moreover compared to its Gold counterpart silver is extremely undervalued!
     
  12. turbopugsleylx

    turbopugsleylx Jr. VIP Jr. VIP Premium Member

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  13. ahiddenman

    ahiddenman Elite Member

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    I dont know if you watch the Dragons den in UK but there was this new company on there which basically pay you for having solar panels on your roof.

    All you pay is around $2000 dollars for the panels then the power company pay you like $200/month for keeping it on your roof for as long as you like. Quite good huh?
     
  14. SweetChuck

    SweetChuck Junior Member

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    I admit I did the classic mistake of tryin to short the market, and could have if not for greed when it hit 49 , I'm not desperate for the $ but will be shit of big time if silver goes below 30 for a long time , I,m patient to an extent
     
  15. mrdexter

    mrdexter Junior Member

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    Several UK banks are now offering loans for this against the government guarantee, if yo uown your own home and will be there for 10 years or more you'd be silly not to. Gauranteed income for 25 years, amount gauranteed by government and insured against by the installer :)

    But on topic, OP I couldn't do it, I think of myself as an alalytical person, but I know I'd be one of the ones losing when I sold too early in panic. Respect, and hang in there.
     
  16. howard_hughes

    howard_hughes Elite Member

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    Just keep your gold and Silver in a safe for 1 year and forget about it.

    An year later, you'll be a happy man.
     
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  17. SweetChuck

    SweetChuck Junior Member

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    I Paid $3800 up front , for a $10k system ,the gov pays the rest , I havn't got my first bill yet but my mate is $12 in credit , so the power grid pays us , I ended up with a 3 KVA inverter , but 2 k panels , going to get the other 1000 watt panels so I get bigger credits in the future ;)
     
  18. SweetChuck

    SweetChuck Junior Member

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    I Will , Thats the word on the street :) I'll just focus on building my sites for now I think
     
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  19. Roparadise

    Roparadise BANNED BANNED

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    Wont there be a huge selloff before christmas,since people will want to buy some nice things?
     
  20. Getwhatchuwant

    Getwhatchuwant Jr. VIP Jr. VIP Premium Member

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    Hold...If you are hell bent to sell do it on the next upticks...I was a DM for a Gold Buying company and while I do not watch all the factors and indicators it was my business to watch the prices, every day for a year... I have found the worse the dollar is the better precious metals are. Next time CNN or MSNBC reports on a weak dollar or some ungodly unemployment stat, check your metal prices then, allow a day or 2 and you should see a nice jump.