Congrats. If the Japanese get the electricity run to the reactors this weekend, which the last I've heard is the plan barring future natural disasters, I expect Monday morning to show Au over 1420 and Ag closing in on 36 with the stocks up accordingly.
My largest position is no longer in SLW. SLW has become too volatile for as large a percentage of my capital as I used to have invested. I moved about about two thirds of what I had invested in SLW into the calmer waters of AXU and PSLV. They still move quite a bit, but not with the whiplash inducing moves that SLW can make. I still have a nice position in SLW as it made me a lot of money last year, and, I think, will continue to make me money this year.
I agree about the volatility, it takes bigger stones than I possess to just stay long. That's why the 1/2 order. For those of you that just stay long even during the pull-backs, I played that game and almost got wiped out in 08. I've learned my lessons the hard way... with real money. The whole game is about Capital Preservation.
I also got in at the last minute for a few hundred shares at 39.85. I'm still mostly out of the market but wanted to have at least SOMETHING in case silver is up again on Monday and the miner stocks gap up. I wanted to get some AG too but they've gone up so much in the last two days that I'd rather wait for a pullback than get caught buying high. AG is even more volatile than SLW in terms of how huge the swings are, so I'm leery of that too. I'll probably get a load of SLV again depending on how things look Monday.