Franky Four Fingers
Don Juan
- Joined
- Apr 13, 2008
- Messages
- 137
- Reaction score
- 5
At $49 apmex.com must be selling 1 oz silver bullion at around $52-53.Mr.Positive said:$49.00 as I type...we broke $49!! If we hit $50, all bets are off, it's off to the moon!
Yeah, this is why I take partial positions dollar cost averaging each month on the way up. I try not to take full positions though. that way if theres a pull back there is some cash in reserve for a buy on a pullback but I also don't get left behind on the way up if a pullback never happens to the level you hope for.
What happens if a pullback happens when it gets to 75, then it pullsback to 55 ? Thats about a 25% pullback. But if you waited for it to pullback to the 20-30's it might never happen.
The only way to cover both bases is to buy partial lots on the way up and keep the other half on the sidelines in case it does pullback. Or until you run out of sideline money with your partial buys on the way up, which ever comes first.
I know woulda coulda shoulda is useless but can you imagine buying when it was below $20 or $15 or $10? Oh those silly fantasies.