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S W
Member since May 2012
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Silver Bullion On Sale After 10.6% Fall In Two Weeks - Mark O'Byrne - gold.ie

Mmm... here is another 'expert' advising to average down as silver continues its seemingly endless trek south over the last 6 yrs. This is the single worst way to buy silver or anything else.
Avoid the frustration of watching the market go down and wait till it at least it looks like it is starting to go north preferably on a monthly chart.
As far as I know silver could go as low as $8.50 or less. I'm not a fortune teller!
Do you know when the selling will stop? Would you like to gamble on some price?
And forget all the manipulation chatter ( its a distraction, who cares if you don't own any).
Think about what is actually occurring.
Silver gets sold for preferable Dollars.
Wait till that scenario finishes when the masses want to sell their Dollars.

Commented 2750 days ago

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Beginning of the headline :– Silver down for eleven consecutive days to $16.80/oz – Further weakness possible and support at $15.73/oz – Never catch a falling knife – dollar cost average – Silver buyers love manipulative futures selling – Thank you ‘Gold and Silver Cartel’ ! Silver in USD (1 Year) Precious metals continue to weaken, especially silver which has declined eleven consecutive days and is now down over 10.6%. The sell off is again almost solely a result of futures market participants pushing or manipulating pri... Read More

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