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


To: Canuck Dave who wrote (5328)6/5/2002 2:34:45 PM
From: Alan Whirlwind  Read Replies (1) | Respond to 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.



To: Canuck Dave who wrote (5328)6/5/2002 2:47:13 PM
From: goldsheet  Read Replies (1) | Respond to of 8010
 
> A pretty bullish sign that most people do still not believe PM's are for real.

As always one needs to convince another group of people to buy precious metals stocks, otherwise we would not have someone to sell our shares to. <g> If I have learned one things over the years, it is no one know where the top is (although I think we are close) , so taking a few profits along the way up can be prudent. Personally, I have recovered more than all of my invested capital and what I still hold is just a free ride.