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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 379.87+0.4%Nov 11 4:00 PM EST

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To: elmatador who wrote (80303)9/25/2011 10:55:38 AM
From: Hawkmoon1 Recommendation  Read Replies (7) of 217705
 
And those who bought Silver near $50 are now holding it at $30, right?

Is that supposed to make them feel better ElMat? I mean really.. Who here among us is so rich that we can claim we're actually able to make a difference in the price of PMs? It's the institutionals, and hedge funds,, with billions of dollars at their disposal, who can do that.

Now.. if you bought physical gold and silver back in 2000, or earlier, good for you and I can understand holding a portion of it, but come on.. no one here can assert that Gold hasn't gone parabolic and is likely to rest and consolidate for a year or more.

But I'm a trader and learned long ago that long-term investments in this manipulated market can quickly turn a large fortune into a small one..

Hawk
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