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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: Gerald Walls who wrote (3046)	11/2/2000 2:11:40 PM
From: long-gone	Read Replies (2) \| Respond to of 8010

If leverage is needed, one can always take it to the pawn shop??? :)

To: Gerald Walls who wrote (3046)	11/2/2000 11:21:26 PM
From: ForYourEyesOnly	Read Replies (1) \| Respond to of 8010

Gerald wrote: "You also get to forget about any advantage you gain from the leverage possible with futures (which, of course, have worked against longs to this point)." Leverage is a powerful weapon, and shoots both ways. If you can use it successfully in this kind of market, that is great. I have done very well with leveraged positions in platinum (account value up over 4x in 2 years), but that is because it is almost always moving up, or at least sliding up due to backwardation. I have held Tocom silver positions for some time, which are in light backwardation, but it is a grind to hold a futures position that is frequently in the red. There is the constant nagging desire to "pursue hotter markets." It will be psycholgically easier for me to just buy the metal and wait for the bull. "You also get to commit a large amount of capital even for the smallest available contracts that you'll accept delivery on." What do you mean? If you take delivery of say 5000 oz, then you pay for exactly 5000 oz. How is that "a large amount of capital"? Thanks, THC