Robert:
I'm highly bullish on silver but recognize that its almost impossible to calculate the amount of "hidden inventory" that keeps silver's price from moving up to its long term equilibrium value. Hence, timing silver's move to long term value - around US$9.00/oz. - is impossible.
However, there seem to be plenty of opportunities to trade a few $5.00 options and, hopefully, to be in some of them, if and when we get the big move.
So, I'd advise you to get educated in trading silver options. Step 1 - move out of the house. Your wife is bound to divorce you soon after you begin trading. Step 2 - declare bankruptcy now while you've got some money left to hide from creditors.
These are the absolutely requisite steps to obtaining the humility to be able to cut losses short. If you don't, you will let losses run to the point that your few, and infrequent, gains will never offset the numerous, and nearly daily, losses.
Kiss the kiddies good-bye and begin trading; for it takes a couple of years to learn how to make money playing the "commodities game." By then silver may be ready.
RH |
