Discovery Silver Corp T.DSV

98 cents-

[jimbo37]

wow we are able to get in now at a price lower than the last financing at $1.20.

[Heywood_Silvers]

The market is rolling over right now.  I'm planning on getting some under 70 cents USD.

[jimbo37]

70 US cents is 95 CDN- load up now Heywood.

[Heywood_Silvers]

We easily have another 10 to 15% further down to go.  I'll get some below 70 cents and see where things go from there.  Can't blow all your dry powder up front as this market is going to experience the mother of all corrections very soon.

[cbew]

We may be nearing a bottom soon in DSV.  My daily chart shows RSI has hit the low 30s which on previous occasions marked bottoms on DSV.  Also the MACD looks like it is diverging as well.  In addition,  the selloff from May 7 has reached 10 days as of today which mirrors a similar 10 day decline from early April.  Imho it may bottom in the next few days if not already

[Heywood_Silvers]

TA gets thrown out the window when the entire market implodes. We are on the cusp of a US debt default, the most over-bloated market in history on the verge of keeling over and about to enter a recession which rivals or will be greater than the 2008/2009 period. DSV is as good as they come if you have a 3+ year window.  Unfortunately (or fortunately if you are trying to add to your position

[cbew]

Imho, I think talk of a US debt default is way overblown.  There is very little chance of that happening imho.  They will make a last minute deal before that happens as the consequences of that would be catastrophic.  The Dems and Reps know what's at stake and what you are seeing now is just brinksmanship.  They will come to a last min. deal as they always do!  As for

[Heywood_Silvers]

Hi Cbew, I did get some more today.  Waited a bit and the prices did drop below 67 cents USD. We should (key word) be at an intermediate bottom.  Once the market starts rolling over in earnest, we could easily shave off another 15 cents or so.  We could get down around 50 cents USD later in the year.  That would truly be the time to back up the truck and take advantage.

[cbew]

Good for you Heywood!  I should of waited a bit as well as I picked some more up at around 97 cents.  But I'm just buying and dollar cost averaging on a monthly basis so it doesn't really matter for me LOL.  I have built up a good position.  We just have to be patient with this investment imho.  We are right in the middle of the summer doldrums for the PMs so right

[frewil11]

Well lets hope for all that to happen if it means Silver will go up. 

[Heywood_Silvers]

Good move making DSV an integral part of your portfolio.  DSV & WRN are my top two holdings and both could easily be bought out within the next couple of years at substantially higher prices. I'll continue to nibble if prices drop more.  My problem is, at current prices I am actually increasing my average basis, so I don't want to go too crazy.  That being said, when