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Thread: Silver

  1. #1
    Join Date
    Dec 1969
    Location
    Tarzana, CA
    Posts
    962

    Silver

    Today was a tough day. When Bernanke was speaking I saw that gold and silver were rallying and the dollar was sinking. I had just lived through a climax run on silver and sold my whole wad. When I saw the magnitude of the volume on the upside today I made a decision to buy my whole position back. Silver (SLV) looks quite volatile but I was also looking at Gold (GLD). The GLD chart looked quite constructive. With GLD constructive I closed my eyes and the rest will be history.

    Man this is a tough business and this may create one of the bruises that one gets along the way.
    Mike Scott
    Cloverdale, CA

  2. #2

    ok

    okokokokoko
    Quote Originally Posted by mscott View Post
    Today was a tough day. When Bernanke was speaking I saw that gold and silver were rallying and the dollar was sinking. I had just lived through a climax run on silver and sold my whole wad. When I saw the magnitude of the volume on the upside today I made a decision to buy my whole position back. Silver (SLV) looks quite volatile but I was also looking at Gold (GLD). The GLD chart looked quite constructive. With GLD constructive I closed my eyes and the rest will be history.

    Man this is a tough business and this may create one of the bruises that one gets along the way.

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