[SeekAndFind]

I bought the SLV ETF ( Tied to the price of silver ) at about $18/share. When it reached $45/share, I put a stop limit to sell at $36.00 ( for a potential 100% profit ).

After almost hitting $50.00, SLV dropped below $36.00 today, triggering my sell.

[New Jersey Realist]

Why can’t this happen to oil?

[org.whodat]

LOL, I said last week was the time to sell, was it you that laughter when I said a bird in hand was worth two in the bush. You did well however.

[Thurifer the Censer]

IMHO this is a perfect opportunity to dump paper silver and buy physical. As on fiat currency after another goes down in flames there is only one long term direction for precious metals....up.
As my friends on ZeroHedge say : BTFD ( buy the f****** dip)

[Dr. Thorne]

Let's all panic, sell our commodities and buy equities! That should buoy up the stock market and make Obama look like a financial genius!

Commodities are volatile. That comes with the territory. I have no doubt that the powers that be are doing everything in their power to force investors out of commodities and back into paper.

I'm fine with that. It allows me to buy at lower prices as I still believe that real assets have real value unlike paper assets in an artificially Fed-inflated market that are only worth the heat they produce when burned.

BTW, the real smart money buys low and sells high. If Soros is selling, it's because he is planning to get back in when the price is lower. Gee, I wonder how he knew the price would go lower? Hmm.

[navysealdad]

I sold at $45.50

[Cicero]

Yes, now a bit below $36. FWIW, Rick Ackerman has a
“hidden pivot” at $35.39 (July silver), which might mark a tradable bottom.

[junta]

I need 50$ oil for an entry point, but I doubt the latest panic will go below 75$, just my WAG.

[lucky american]

I bought silver coins with intrinsic value. They have NOT gone down.
Buying a piece of paper that says you own silver is like getting a title to a rental car. Anyone that bought paper silver and gold will be stuck with paper.
George Soros still owns tonnes of gold and silver but what I have been able to research, he has dumped his paper shares.
There are a few reasons this would happen. Not enough physical metals to cover his investment, and the price of the contracts has gone up 82 percent . You need 21 thousand dollars to buy a single contract.
I believe when the dollar tanks, you will need coins to trade for food and supplies.
Don't sell low and buy high.
If the price goes down more that's great, so people can buy more.

[Dr. Thorne]

Weisenthal doesn't understand physical metals. He thinks people are buying them as an investment. They're not.

People are buying metals for two reasons:

* Precious metals are a store of value. Over time they retain their value unlike the dollar that has lost 95% of its purchasing power since the Fed was created in 1913.

* Precious metals are MONEY. They have been used as currency for 5,000 years and will continue in that role. Paper has been a historically recent and fraudulent experiment designed to steal from the people.

All I need to know in order to understand that even the Left believes that gold is currency is that our first great socialist president, FDR, stole gold bullion from the American people and made its ownership illegal. The last thing he wanted was for Americans to no longer need phony Federal Reserve notes. Without gold, they had no real alternative.

[babble-on]

update: $35.01

[babble-on]

update: $35.01

[kimmie7]

I bought silver at 18. I hardly think 36 is tanking.

But then, I have real silver and not a little piece of paper.

I’ll hang with it.

[stockpirate]

I own only 90% silver coins, so they hold their value.....

[stockpirate]

China also increased margin rates......

[OB1kNOb]

MONEX is showing silver at $34.50 and still showing downward pressure. It looks like I finally get my chance today to buy more silver with both hands. Been waiting for this correction, and it’s a brutal one. Six months from now I’ll probably be wishing I’d bought more than I will today.

[M-cubed]

QUESTION FOR ALL: How many ounces of mined physical silver are in existence today as compared to gold???

DO YOUR OWN DD!!

[Vermont Lt]

I usually put a 5% stop loss. When it started going up a day at a time, I changed that downward 1/2% every day. When it finally triggered the other day, I had added a decent amount to my IRA.

Then I sit back and watch it go down.

Then I pick it back up when it starts up again. Tomorrow? The next day? I don’t know. But if you use tight stops, you don’t get burned too bad. And you don’t have to watch it every minute. That would drive any sane person crazy.

[Atlas Sneezed]

I won’t make any claims about my long-range predictions, but here’s what I wrote last week as Silver was rising to its peak:

---

I can’t say what would happen, but in silver, we might see a major short term drop (to $30-35 wouldn’t shock me).

You should have your dollar amount in mind, and set yourself a plan that is easy to follow, such as: buy $5000 in silver when it gets as low as $42, another $5000 if it reaches $38, and $15,000 more if it reaches $32. Or whatever.

Then follow your plan.

22 posted on Thursday, April 28, 2011 9:43:54 AM by Beelzebubba (...a.k.a. “Norm L. C. Bias”)
http://www.freerepublic.com/focus/news/2711821/posts?page=22#22

(Please don’t post the other 100 predictions I made that didn’t come true!) ;-)

[WhistlingPastTheGraveyard]

I moved half of my silver into gold at around $47. I started buying it back this week. It’s a little strange getting Eagles for $38 again. Strange, but nice.

I expect Ag to hit bottom somewhere between $25-$28 and stay below $36 until the next round of QE. I’ve been expecting this correction/consolidation/sell-off for a while now. I didn’t expect it to fall this far, this fast though. This week has been a total free fall.

[Justa]

"I bought the SLV ETF ( Tied to the price of silver ) at about $18/share. When it reached $45/share, I put a stop limit to sell at $36.00 ( for a potential 100% profit )."

SPECULATOR!!!!!!!