tag:blogger.com,1999:blog-5673441815180854503.post3344631623152405275..comments2023-09-10T09:54:59.309+01:00Comments on Screwtape Files: Silver .. Decisions, decisions.Louis Cypherhttp://www.blogger.com/profile/07670126160101669248noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5673441815180854503.post-45044362012525816902011-04-22T20:09:38.567+01:002011-04-22T20:09:38.567+01:00I've already traded my silver(at $42 CAD) for ...I've already traded my silver(at $42 CAD) for gold. It turned out to be a bit, ahem, premature, but I'm more than happy with my decision. I'd love to see one more big pullback in early summer, just in time for me to go all in. <br /><br />DDTAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-50271921385831238622011-04-22T19:59:28.701+01:002011-04-22T19:59:28.701+01:00Warren,
Great post.
How many questions will actual...Warren,<br />Great post.<br />How many questions will actually be answered this week? Who knows.<br /><br />I've also considered the possibility of a sharp pullback. The next few weeks may clear things up a bit. Although I'm not expecting it, I've seen the possibility of 30-32 AG. A return to the normal trendline could put it there.<br />Few believe this will happen. I shall stay tuned. Thanks for the postVincenthttps://www.blogger.com/profile/09352119465471320546noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-72682839824687542232011-04-22T16:20:51.295+01:002011-04-22T16:20:51.295+01:00It's a tough decision to make. One decision is...It's a tough decision to make. One decision is easy though. I won't be exchanging any metal for pieces of paper until that paper is worth something more than unicorn farts and pixie piss. <br /><br />Great pic btw. I busted out laughing when I saw it.Louis Cypherhttps://www.blogger.com/profile/07670126160101669248noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-7463964042951783182011-04-22T14:56:55.345+01:002011-04-22T14:56:55.345+01:00Just what I needed Louis. Yes, I too think that we...Just what I needed Louis. Yes, I too think that we have a different animal here. I would expect to see the silver fiat price to whip back shortly to the trendline gradient (right terminology?) which started last September and then continue on its merry way, defying all explanation. I have decided to trade some for physical gold as a 'lock in profits' with the view that gold will be less volatile on a longer range - but planning to do this in small amounts only, over the next few months (maybe 4% at a time).<br /><br />I'm still looking for a shape of what happens when derivatives unwind but hit the glass ceiling ... my guess - we'll see the same movement in silver as we have in gold for the last decade. Perhaps not as steep a gradient as the last week all the way, but a slow, steady incline all the way up - $30/oz/year average (minimum) for the next 30 year or more. In theory that means one hellava correction very shortly, with JPM et al. still laughing all the way to the bank (sic). In all my search for patterns it would seem that the modern markets have lost all link to reality so we're in for some crazy movements.<br /><br />I re-read a bit of the Benton claims reminder stuff - ouch ... what happened to that $36-ceiling JP Morgan feels pain-level? We're $10/oz above that now. Anyway, if the powers-that-be wanted a bubble blown, they sure got it.<br /><br />RLP, I keep mentioning the 30-year timeframe because I have some retirement funds in bullion now. So I think that long term (30 years) silver will be trading over $1000/oz. But trying to decide silver over gold for that timeframe is agonising (adopting a 'set and forget' approach) - I have settled for a 50-50 allocation. For you Aussies, that's a SMSF (self managed super fund), cost a little to set up but worth every penny.<br /><br />Have a good weekend!Warren Jameshttps://www.blogger.com/profile/00631403827559820571noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-80014910979576009752011-04-22T14:56:15.829+01:002011-04-22T14:56:15.829+01:00This comment has been removed by the author.Warren Jameshttps://www.blogger.com/profile/00631403827559820571noreply@blogger.com