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Silver Bullion: One step foward, two steps back.
03-02-2012, 02:43 PM
Post: #1
Silver Bullion: One step foward, two steps back.
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People say silver is still under priced and I agree, but that is still no excuse to buy in the green no matter what price. Remember fools rush in. If you look at any chart nothing goes straight up forever.

With the old saying” one step forward two steps back” remember let the fools buy on the one step forward, while the patient buy on the two steps back.

When price starts to move up you get everyone saying this is it. I have been hearing this for over 4 years and this is still not it and won’t be for years to come. Just keep stacking only when the price drops. Cost average is great but it can be done better when you wait for a dip.

I know we have lots of silver gurus here but I constantly see people asking questions on this.

This is what I do:

I use Bullion Direct. It allows me to buy and sell bullion to a market in real time. I have been doing this for 3 years now with 100 % success.

Sell into strength, and buy on weakness. Every time there is a rally I will sell 100 ASE’s and 100 CML’s on the exchange. When I see silver go above 1 dollar that gives me $200.00 profit. Minus the 1% fee on the trade that’s still $198.00. As always at some point it drops. May be a day, may be a week, may be a month but it drops. I buy back what I sold but I also add between 3-6 ounces every time. This has netted me over 500 ounces in the past 3 years for free. I still cost average every month with new cash but this is a way to trade and add bullion to your reserve with a little work and know how.

This might not be for everyone. But if you have patients, and a little knowledge on how things work you can make this work.

Coin Stack

Doomdoctor, proud member of Realist News since Oct 2011.
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03-02-2012, 03:32 PM
Post: #2
RE: Silver Bullion: One step foward, two steps back.
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Working the system and getting free silver, I like it. Good job dude.

I am not afraid.
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03-02-2012, 03:44 PM
Post: #3
RE: Silver Bullion: One step foward, two steps back.
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I own/buy PMs because of the wealth protection it gives me. If you want to trade it and can make money doing this, more power to you.

I highly agree with your buy on weakness, sell into strength rule. However, I have found that when Ag/Au sell off huge, 75% of the time there is usually another big dump several days later.

The best thing to do when accumulating phyzz is to cost average in when it's going down. Always keep powder dry to buy more if/when it goes lower. Never buy when it is making higher highs, or new highs... never.

"When you see the world die, only then will you understand how real I was" - Charles Manson
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