overbought! Maybe rigged down! I hope silver drops so I can buy more on the cheap. I get on my knees nightly and pray to god for silver to go down just like I did when it was at 8 bucks, 12, 15, 20, 29 and I will pray again at $40. WAKE THE F UP MINIONS>
Originally posted over a week ago when silver had run up to over 29.Has since been swinging wildly on a daily basis.Easy to overpay for your shares in this market, or miss out on taking profit and increasing your overall position.I'll take free will over praying to god any day.Happy trading to all.
You did well at 10.70.With that said, the 200 day MA would still indicate a possible entry at 9.50. The underlying metrics in all of these PM based stocks are swinging wildly at this time, which is evident to all.I would be careful about chasing the price on any of these stocks.I would also like to point out an emerging opportunity in BAA or Banro. This junior exploration company is transitioning to a producer in a fine fashion.No profits yet,but on a 18-24 month horizon this should be an easy five-bagger.The project was green-lighted when gold was 850.There are lot of shorts on this so expect a bumpy ride.Any entry at near current levels should make you money.Also be careful about allotting too much of you portfolio into commodities in general,and I'm a gold bug.I just might go out this weekend and do a little gold panning,I'll add to my small amount of physical gold flakes. It costs me more in fuel,but is good for my overall health.Buy SVM at 11.20 and sell at 12.40,all with careful attention to the underlying metrics.Happy trading to all.
Well that's why I am betting flat for the next wave until bernanke triggers a land mine again. if they crash the market a lot it's time to go leverage in, not all lev but some.
Sold puts + calls was the right choice.:)
Sorry im no gambler in buying options. I sell to gamblers. As was said when jim cramer gives his kiss of death its time to leave the field for a while until the sheep dies down.
Analysts of the UBS bank of Switzerland have improved the forecast of the price for silver. During the next month, the average price for this metal will account for 30 US dollars per ounce and in the next three months, 27 US dollars per ounce. Nevertheless, experts said that the speed of the rally makes its vulnerable to a rollback. ..It's going back up
Bad advice based on above excellent article re: When the Silver Suppression Ends. I would not rely on a banks recommendation regarding silver prices in the future. The Fed and Comex have only one bullet left after raising the margin requirements, naked short selling against the insatiable appetite of India and China. Guess who is going to lose. The silver party suppression is over. This is now a no brainer investment folks. Load up and turn off the computer. In six months we should be at $35-$40 silver and SVM should be a double.
Well now this is probably because they passed a margin requirement limiting people from over buying or speculating. Heh smart of them eh.
They are trying to keep comex solvent of course. let them I bet flat to up for a while anyway. I don't care in the short term. I am not leveraged after all.