May 3 2008

Silver, wow, it appears the bottom has droped out. I see this as a good thing, you can buy more silver at the lower price, and average down your total investment while building your silver till the next spike.  This price drop will get the attention of new small time investers, at the same time allowing the big cats to purchase at a lower price, win win for all, but you have to act quick.  As I see it, silver will only hover around 16 for 3 to 4 more months before gaining; it could go to $15.50 before then, but we will just have to wait and see if the market balances.  Lets say you buy right now, 10 ounces at 17.50 thats about $190 including shipping, then silver drops to $14.50 an ounce, thats about $160 all said and done, 30 bucks. Then you buy another 10oz at the $14.50,  you spent $350, per ounce its 17.50 after shipping.  Just make sure that when you buy more your total for 10 ounces is under $190 (on this average), and when silver goes over that price, use the silver you bought when it was low to average down your total spent.  You can do this no matter what price silver is at!  Just keep a detailed book of all your totals per ounce per purchase.

May 19 2008

It would seem that gold is heading back to the higher 9s and silver has been almost a monthly mirror, so we might not see the 15.50s, although silver is still under 900 for 50 ounces, a definate buy price, but silver is always on the move. We've seen a slight spike this month then a drop back to the upper 16s, a spike towards the mid 18s could be in the forecast for the next couple weeks but only for a very short time, we shouldn't expect to see another significant spike for the next two to three months, but we can see an average gain overall, with a couple drops to give your average some nice leverage.

June 20 2008

 Watching the market, it looks like there won't be too many more drops under 16.50 before the next significant spike, but we will see a couple at 17-. The market can't be predicted tho, it could go up to a hundred dollars an ounce tomorrow, similarly, dare I say down to four dollars? That's half the fun. The ratio of silver to gold is 51.61 to 1; it might not get to 10 to 1 but maybe 45? 40 to 1? We will just have to wait and see, I say over July it goes to 16.50, hovers up and down at 17 then 19, 20, with drops in between.