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Gold/Mining/Energy : Silver prices
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To: Canuck Dave who wrote (5328)6/5/2002 2:34:45 PM
From: Alan Whirlwind  Read Replies (1) of 8010
 
Some posts here are barely on topic chat anyway (mine included). I agree, nobody likes metals. A friend of mine's financial advisor told her yesterday that metals are too volatile to use as a hedge. My only silver stock, Clifton Mining, is down a penny today. If gold can hold $320 for a couple of days, I don't see further downdraft, but another $5 down wouldn't hurt the overall picture in gold. Silver looks like it's trying to hold 4.90. I've nibbled slowly at a lot of silver over the last few years, but kept a $5.15 cap on how much I'd spend. Most all was bought below $5. Some below $4.25. I suppose if you got into metals last couple of weeks you are a little more nervous.
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