SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?


To: ForYourEyesOnly who wrote (1696)2/16/1999 7:46:00 AM
From: Alan Whirlwind  Read Replies (1) | Respond to of 8010
 
Cyclist on Kitco believes today is likely a nearterm top. He sees support at 5.55 and 5.20 and so my next buy is going to be at about $5.20. March is seasonally a slower month for silver. Furthermore I've heard rumors of producers seeing this as a nearterm top too and so are beginning to dump what built up production they have onto the market. If I'm wrong, oh well. Jr. silver stocks are perking up. --Al



To: ForYourEyesOnly who wrote (1696)2/16/1999 1:59:00 PM
From: Ray Hughes  Read Replies (2) | Respond to of 8010
 
THC:

Is silver ready to IMPLODE? Seems to be down a bit today. That's not surprising - remember my advice to put away your original stake on a 2-3 fold gain.

I do like the action - volatility is necessary for making trading gains. Look for POS to stabilize after this correction which may stretch into March-April.

Remember, also, that trading commodities can be very damaging to the brain. Take breathers, assume most trades will be losers; just keep them small. Pop original investment back into the kitty and continue to trade the trend, never against, with the profits. That way the kiddies get educated. No kidding, I've met some who bet the farm and lost!

RH