Wednesday, August 22, 2012

Is this the beginning of the big move?

SLV currently USD 28.37, up USD 1.10 since my last post.
Gold.ax currently AUD 149.81, just up over AUD 2 since my last post.

You know I'm really not sure.  It could be.  Perhaps in times like these when my emotions are confused it's the best time to buy.  I've been haemorrhaging cash since last September, so almost a year now, because of Silver.  Not fun to lose cash but what can I say, these are times when you have to take your chance because absolute fortunes are made.  I believe I'll still be a thousand thousandaire at some point within the year.  Things move quickly in this market.  It's nice to be up once in a while and today is that day.  My strategy over the past year was to put pretty much every cent I've earned into Silver and so it has been the case for this year as well.  I literally mean every cent.  I believe in myself, even though at times I may be losing money like runny diarrhoea but I believe in the end it will be worth it.  Perhaps one day I'll look back upon this post and go, was this guy mad?  or perhaps I would go gosh that's just bloody genius.  Or perhaps both.  It's kind of funny I probably have lost more money than I had ever spent!!  But honestly, I believe in myself, and I believe this is the time.

Silver is now solidly above it's 50 day MA.  Next stop 200 day MA at 30.56.  When the moving averages confirm then we can say the bull market is on, however I suspect by the time that happens silver would already be well above 30 and close to 40.



One thing's for sure, expect volatility to return.

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