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


To: ForYourEyesOnly who wrote (1845)5/3/1999 2:09:00 PM
From: Ray Hughes  Read Replies (1) | Respond to of 8010
 
THC:

Here's where we get to the hard part - short term trading decisions. Seasonal factors suggest selling, but Asian recovery could generate heavy buying in almost all metals.

My gut feeling is to take partial profits and add to positions on dips. Making a few hundred $ a week is not shabby and helps build confidence. The latter is important, because I can guarantee that one day you will make an absolutely horrendous mistake, and need all the confidence boosting you can get.

However, I'm very impressed by silver's bounce right back over $5.00 so I'd keep a "toe in the water," maybe a big toe. Silver's getting very near the exhaustion of the overhanging inventory and one day....

RH