Anyone buying right now???
I'll be dipping in my toe sub 260$
Lol, sure eating my words right now!
Are you like most people here? Chasing it up towards 340?? Not a good move btw
No, not like most people here (at least so I imagine). I just expected us to remain below $300 slightly longer, but the bounce was to expected from 275 or at least not to be surprised by it- though I was expecting (hoping for?) more panic. I sold off my small trading position when it became apparent that we could be in a bear market, between $450-550ish and only bought a little again @ 300.
I'd have to see the price sit comfortably above $340 before I would be that bullish. Ideally I'd like to see $300 tested again. For now my powder is still dry. I don't chase price swings, I'd rather decide on an entry point I'm comfortable with ahead of time and then execute a buy based on that, though that's easier said than done in practice, this is one of the reasons why I think silver is a great buy and there are lessons to be taken from both markets (heavily bubble based in the past) to be applied to any entry or exit points in the future.
