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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (23377)	8/10/2011 9:19:05 AM
From: mazel-tov	Read Replies (1) \| Respond to of 219412

" I would like to ask you one thing, do you think being long silver is a sucker's play or should it rally to new highs eventually as gold did?" I am long silver and gold and have been for quite a while: silver since $17+ and gold at $900+ and have not liquidated any of my positions. But what I do is to hedge my positions whenever I get a sell signal and remove the hedges when I go back on a buy signal. Usually when I get a buy signal, I add to my position so I have added at various points during the run up .......... but the hedges offer protection just in case the unexpected happens. Currently, I am on a buy signal on gold and a sell signal on silver. BTW, I use your signals as confirmation of my own signals and it gives me confidence when I add to my position. If you believe that gold has more upside - as I do - then at some point silver will play catch up. I think the current weakness in silver and copper is linked to the downturn in the economy in the US and possibly globally. Both are industrial metals (especially copper) and this could be the reason for the recent weakness despite the strength in gold. JMHO