Selling Sterling Silver

I wrote an investment piece back in mid 2011 on how to invest in silver and how to avoid the downfall ahead of time. Many of my customers listened to our advise and avoided a 25% loss. RareSterling is all about helping customers and people avoid trends and invest like a pro. Years of Stock market investing has given us the tools to assist you and protect you from the downside. We have been short silver since $38 and have been advising our friends to build in downside protection in the market and stay away from common silver due to the lack of consumer demand. The ability of the general public to have enough capital to overpower and stabilize the market when wall street and banks dump supply onto the market after this record run in metals is just not there.

Back In October of 2010 silver was ranged $18-$22 and had reached an unsustainable level around the $42.00 mark for a short period of time before the CME raised margin requirement which triggered wall street to dump pushing it to below $30. Since then it has traded in the range of $28-$34 and now it is under $30 again today. Resistance levels of $42, $38, $34, and $32 look miles away and for good reason, silver was $4.00 years ago. We are watching the beginning of the end IMHO in gold and silver as I write this piece. Anyone who is waiting for a bounce, well join the housing market bulls and many other bull markets which have fallen over the last 30 years and never recovered. Will it go up $1-$2 sure that's possible to see but the upward long term trend is broken. With over 12 years of stock market experience, I keeping up with market reaction, overall economy conditions in the USA and around the globe which is key to investing in any market. We can now include a possible global recession or global slowing into the cards with the issues in Europe and slowing in Asia. So be prepared for silver $18 again and gold $1,100

If you think it's too late to sell just because it's not at the all time high then prepare yourself think the same thing when silver hits the $24 - $15 marks, (50% loss from here) over the next couple of years. As the global economy sits on rocky ground, more skeptics will surface and viral bears will show up causing the same downward effect in gold and silver that we saw in housing. You can bet that wall street will find the next best thing and be done with it. The silver and gold market will dry up as consumers get stuck missing the biggest gain in 30 years. Be smart and think like the street. Gold and scrap shops will close business as competition will get tight. The waiting period for shops who can't melt your silver and gold for 15-30 days will have to build in downside protection in the volatile market and offer you much less. The laws are getting stricter come Jan 31st for those guys. I have not even started talking about the financial impact of any default or slowing in Europe and the fallout from our own banking system from overseas bank investments, tight credit and lower interest rates. Also note that the market is flat for the year and most 401k plans fail to save the consumer in a economy with no growth as the housing market sits ready for another 15% decline for 2012