Top 5%
Sorry guys. I am living up to my name...buying more silver here. Prices have been set back almost three years.
This post is more than 60 days old. Replying to it might be confusing for other members reading the discussion.
By all means, keep the ball rolling and post a new opinion.
Top 5%
ContraryOne
Aug 11 at 2:05 ET
SLV SLW
Silver was 14.05 in Dec of 2006. So make that 2 1/2 years.
Top 98%
ramigabai
Aug 11 at 2:53 ET
I don't agree with you - US dollar is about to ralley up more and silver will keep slicing more. I just don't know when.. Do you think the resistance point has been reached?
Top 5%
ContraryOne
Aug 11 at 3:07 ET
I don't know much about the dollar but tell me... What has fundamentally changed in the last few weeks to make oil fall and the dollar rise. How much is real and how much is perception?
I think the world is a dangerous place and silver will always have value. See Iran and Russia for example.
I also think we are in a long term commodities up-trend caused by growth in the 2nd and 3rd world that will not be denied.
I look at an 8% crash in silver as a buying opportunity. I am not a sophisticated market analyst like most of you guys but I have been around awhile. Time will tell.
Oh, by the way. Do most people on this site report real money transactions or trial portfolios? My stuff is real.
Top 91%
KanGuru
Aug 11 at 3:18 ET
I have been holding SLV, SLW & PAAS for about 4 months now and am down 20%-40% percent on these stocks. Still I think silver will see ralley up and before the end of the year I expect to be in profit.
Top 5%
ContraryOne
Aug 11 at 3:31 ET
My time frame is more like 140-15 years
Top 5%
ContraryOne
Aug 11 at 3:31 ET
Gads...10-15
Top 98%
ramigabai
Aug 11 at 5:03 ET
my 2 cents re the value of silver -
It is not a matter of just growth but what is driving the demand for silver. 18% of silver demand is driven by photography (the films) which is decreasing continously 5% a year. Although silver demand is growing in electrical appliances and medical products the fact digital cameras are replacing the film based cameras will balance it.
Imagine that in sevarl years from now people wouldn't print photos but would use electric devices.
Besides, even if demand will rise the dollar ralley will cause commodities in general going down.
BTW - most of my portfolio holdings here are real, except for 2-3 holdings.
Top 98%
ramigabai
Aug 11 at 5:09 ET
You can read more about silver photography demand here:
http://www.silverstandard.com/about/silver-market.cfm
Top 72%
arawak
Aug 13 at 5:26 ET
Rami - tru photography is going down but keep in mind that most silver that went into film was recycled and entered the supply stream again.
There are many new uses for silver as well including upcoming floor finishes, medical devices, etc.
And if the USGS (US geological) is to be believed, there is only about 10 yrs of silver to be produced.