Have you seen how both Gold and Silver have taken off ? Wow.
Spot on Gold is now 1661
Spot on Silver now over 30. (surpassed a major resistance of 28.50 last week)
I've got 100 shares of GLD. Up a little (4%) in 4 months.
89
Now is this a buy and hold for you, or do you also do Options and/or trade with it ? On our end we are thinking of getting into trading with it. Right now with it spiking up, could be a good trader.
One more comment. I haven brother who loves buying actual silver and he was loading up at 26 -27 area. He already had quite a stash... Some he paid as little as 9 bucks an ounce for so his average is pretty low. Makes me jealous...LOL.
Wow 9 bucks...getting some down there can really lower cost averaging. I got into the Ebay action, and made some good connections there. Some guys over there are running round the clock operations. A few months ago, I was bangin' it pretty good on Aapl options, then turn and buy some rolls of Silver Eagles with proceeds. Stuff adds up !!!
Not my style....but coolknob is into ripping apart air conditioners to hack the copper.
Sold my slv calls today. I had the December 30's. I bought them a couple weeks ago. I am not feeling silver right now. I am probably helping you by selling. My luck on the gld and slv is real crap.
I did the Gld for a short while...bought it too high. It had dropped off, then came back over my Cost basis, so got out for a while. I was pretty new to the ETF side of it, but will try again later for doing Calls and such.
Been doing the physical on Silver...different and kind of fun. That stuff gets heavy after a while...lol