Silver with a major move down. Cruising through $17 we are down a full dollar into the $16.30's.
Looks like energy deflation is spreading into other commodities, even the monetary ones.
I gotta think this oil head fake is about out of time and we will see the 40's if not 30's and 20's on oil. If you saw similar crashes in the metals, yikes for the stackers. Really wanting to see the oil / energy stocks get whacked on price. If energy stays down, the stocks need to lose 30 - 60% of their share price and that is when I would look to buy in.
As for gold and silver,I am not a market timer and like to buy small amounts often. When it is down, I just get more coins for the budget. When it is up, I get less coins for my dollar. When it is way up, I enjoy the classic US copper coins the most. Love them large cents and two cent pieces.
I vary it up with gold and silver too. Generally using the Gold to Silver Ratio (GSR). Lately the GSR has been high so I have been buying more silver relatively. I would never swap gold for silver so there is no price I am coming off my gold in exchange for silver, other asset classes perhaps, but not the same asset class. If the GSR were to get low, say 40 - 50, maybe even 55, I would trade much of my silver for gold.
I also mix it up in quality. When prices are low, I tend to buy junk silver or gold coins closer to melt. When the cost is up, I tend to look more at the higher end coins. Anything can catch my eye while coin shopping, but I try and get the most bang for my buck.
