Silver below 18 $ and may reach 14 $ soon
- Thread starter fxgood
- Start date
In India MCx trading was not started that time. But if you go to netdania.com you will get gold, silver, crude in comex and nymex there :thumb:
I will need intraday data for as many years possible. The only way I can come up with a trading method. Could you please point me to the right source.
Thanks.
as mentioned earlier this is not the year of precious metals!:thumb: those who were positional SHORT will be jumping here and there!
not worried on GOLD as it has multiple support levels! for gold next immediate support is $1475!
but silver ka kya karoge! psychological support of $25 and then boom boom kazoom!
its mayhem out there!
not worried on GOLD as it has multiple support levels! for gold next immediate support is $1475!
but silver ka kya karoge! psychological support of $25 and then boom boom kazoom!
its mayhem out there!
as mentioned earlier this is not the year of precious metals!:thumb: those who were positional SHORT will be jumping here and there!
not worried on GOLD as it has multiple support levels! for gold next immediate support is $1475!
but silver ka kya karoge! psychological support of $25 and then boom boom kazoom!
its mayhem out there!
not worried on GOLD as it has multiple support levels! for gold next immediate support is $1475!
but silver ka kya karoge! psychological support of $25 and then boom boom kazoom!
its mayhem out there!
For someone who is a long term investor silver is a really risky bet but lately, it seems to be great for me to swing trade. Gold can be a store of value while silver has been more or less speculation driven since the 90s. Technically speaking, silver may go down since there are very few fundamental reasons for going long in silver.
What was the cost of silver when it bottomed out in the 90s? That was probably the cost to extract silver from mines and it may go back that low in the near future.
What was the cost of silver when it bottomed out in the 90s? That was probably the cost to extract silver from mines and it may go back that low in the near future.
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Lets think about Investing in Silver like you would for a company.
I am willing to invest in a company if:
1) I know that it won't go bye-bye during the next 10 years
2) My purchase price is at least 50% from the top. And buy at major monthly supports.
3) Also, if the company fundamentals continue to be good and yet share price falls 50% I will further buy.
In that respect, I know for sure, Infosys can go belly up but silver won't. All time high is $50. 150% room. First purchase at $20, which is a strong support. A safe bet. Next purchase, at $10, also a very strong support.
On the brighter side, it is likely that the precious metals re-gain mad demand due to instability in the world. Currently, it is the reverse cuz a couple of EU govs have sold to raise cash. But, it is very likely to recover. Even if it doesn't then holding it for dear life is not that bad a choice for diversification.
I am willing to invest in a company if:
1) I know that it won't go bye-bye during the next 10 years
2) My purchase price is at least 50% from the top. And buy at major monthly supports.
3) Also, if the company fundamentals continue to be good and yet share price falls 50% I will further buy.
In that respect, I know for sure, Infosys can go belly up but silver won't. All time high is $50. 150% room. First purchase at $20, which is a strong support. A safe bet. Next purchase, at $10, also a very strong support.
On the brighter side, it is likely that the precious metals re-gain mad demand due to instability in the world. Currently, it is the reverse cuz a couple of EU govs have sold to raise cash. But, it is very likely to recover. Even if it doesn't then holding it for dear life is not that bad a choice for diversification.
its an apple to orange comparison when u compare investing in silver with stocks!
silver is purely a speculative commodity and taking adv as a poor brother to gold! but the question is till when?:annoyed:
just compare it by urself when you talk of investing!
will silver produce anything? no! it is dead as dodo! but owning stocks is a direct participation in corporate productivity! so more productivity, higher eps & stock prices. in short compounding in its true sense in years to come! ok - did i forget dividends!
2ndly, take an example of 2 investors! investor 1 one who has all the silver in this world which is siting dead as dodo in his house! investor 2 who has equivalent cash to all the silver value of investor 1! so at present they have equal worth of money! now investor 2 with the cash will buy best shares of companies available across economies!
what do you think - who will be richer in next 10-15 years? ok - did i forget dividends again in case of stocks!
silver is purely a speculative commodity and taking adv as a poor brother to gold! but the question is till when?:annoyed:
just compare it by urself when you talk of investing!
will silver produce anything? no! it is dead as dodo! but owning stocks is a direct participation in corporate productivity! so more productivity, higher eps & stock prices. in short compounding in its true sense in years to come! ok - did i forget dividends!
2ndly, take an example of 2 investors! investor 1 one who has all the silver in this world which is siting dead as dodo in his house! investor 2 who has equivalent cash to all the silver value of investor 1! so at present they have equal worth of money! now investor 2 with the cash will buy best shares of companies available across economies!
what do you think - who will be richer in next 10-15 years? ok - did i forget dividends again in case of stocks!
its an apple to orange comparison when u compare investing in silver with stocks!
silver is purely a speculative commodity and taking adv as a poor brother to gold! but the question is till when?:annoyed:
just compare it by urself when you talk of investing!
will silver produce anything? no! it is dead as dodo! but owning stocks is a direct participation in corporate productivity! so more productivity, higher eps & stock prices. in short compounding in its true sense in years to come! ok - did i forget dividends!
2ndly, take an example of 2 investors! investor 1 one who has all the silver in this world which is siting dead as dodo in his house! investor 2 who has equivalent cash to all the silver value of investor 1! so at present they have equal worth of money! now investor 2 with the cash will buy best shares of companies available across economies!
what do you think - who will be richer in next 10-15 years? ok - did i forget dividends again in case of stocks!
silver is purely a speculative commodity and taking adv as a poor brother to gold! but the question is till when?:annoyed:
just compare it by urself when you talk of investing!
will silver produce anything? no! it is dead as dodo! but owning stocks is a direct participation in corporate productivity! so more productivity, higher eps & stock prices. in short compounding in its true sense in years to come! ok - did i forget dividends!
2ndly, take an example of 2 investors! investor 1 one who has all the silver in this world which is siting dead as dodo in his house! investor 2 who has equivalent cash to all the silver value of investor 1! so at present they have equal worth of money! now investor 2 with the cash will buy best shares of companies available across economies!
what do you think - who will be richer in next 10-15 years? ok - did i forget dividends again in case of stocks!
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