Like many precious metals enthusiasts, I keep an eye on spot price. In this economic climate, the spot prices doesn't really have a bearing on the value of silver and gold, but it does affect the price of the metals.
I don't often have a lot of money I can spend on silver/gold, so when I do, I want to make it go as far as possible. Lower prices = more ounces. One of the ways I try to gauge when to make my buys is by how the pricing swings start out for the week, so I check on Mondays.
As the markets opened, it looked like they might head up, but then got pushed back down. I'm not a financial expert, so I can't explain the technicals, but it seems like if we start a week with silver/gold getting pushed down, that it normally drops more during the middle and comes back up toward the end of the week. I could be wrong, but then again, I don't think the low prices make sense given where the Dollar is at.
Regardless, I'm thinking I'll pick up a few more coins this week. Even if you're buying at $14.65 it's still better than $20.00+. Keep in mind, this isn't investment advice.
Who's buying?
Is anyone selling?
