Silver Wheaton Corp. Message Board
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Silver.
I am an ira trader. The COT commercial's were net positve for silver(as of last Tuesday's data). I like to follow the so called "smart money". Silver is more of an economic metal than gold. Some folk's say it is the poor man's gold. Silver and gold are both monetary metal's, from the past... before 1971. As a two term United State's military Veteran, I feel that gold and silver should be 10% insurance in anyone's portfolio. Central Bank's are buying gold at these lower prices. Consolidation is good. But I choose to trade pm rather than hold(at least SLW and RGLD pay's a dividend). They say to buy when everyone and his brother are selling. Well, I like SLW here, and initiated my first position at 3:59 on Friday. But will average down, if Mr. Bernanke continue's to print fiat currency. I like the U.S. stock market also. VIG is my largest holding. The gold/xau ratio is near historic high's. SLW is a part of xau. SLW iis not a miner, but a silver and gold streamer.
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I only post after the trading session. Will stay with 15% in SLW. Averaging down is mostly not a good thing. I have selling stop's in place. As a trader, never "fall in love" with any stock. VIG is doing nicely.gba
- 1 Reply to bobjones814
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The dailey one day silver chart's... to me look like a cup and handle which is bullish. Time will tell. gba
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when you hug silver you can only win
- 2 Replies to pumpjob_guruu
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90%of this board is negative on silver. as a trader i like the odds.
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I sometimes a play the "Scillit Licker's" bc sometime's i sometime' s like to.... alcohol.gba
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But I am the first to admit, if Mr. Bernanke were to cut off stimulus, I would sell everything and be 90% in cash, but would not sell my current 5% each "insurance" each in SLW and RGLD. Right now, as a trader, am currently though 15% in SLW. I agree with Mr. Bernanke. Deleveraging of huge debt is a powerful deflationary force. My Veteran's home loan is still "under water". Mr. Bernanke know's that the "Baltic Dry Index" is near record low's.
- 1 Reply to bobjones814
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I respect Mr. Bernanke. He is a student of the depression of the 1930's. Because of Mr. Bernanke our economy is stronger. I am a Roman Catholic for the record.
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