I just added SLV also.. I think the price is very attractive today!! I don't see the economy troubles or recent world issues over, and there is an election coming up. How long is the dollar going to be strong when its been declining for years?
I could be wrong but sold the recent run ups in my tech stocks the past week and jumped into SLV..
I sold all my gold in July at 960ish and all my silver bullion at 19++ with a great premium.
I think this sell off in silver is way over done so had to get back in the game.
Feel free to short.. it will just get more attractive and we should get a nice short covering rally..
If you are inclined to invest in silver, do yourself a favor and buy the physical metal. Buying the SLV ETF is only likely to support further manipulation of the silver market, whilst buying the physical metal puts pressure on the shorts to perform delivery in a tight market.
Another hint, don't buy if you don't plan to hold. There is no upside to the ETF, except in very brief exposures in my opinion. The CFTC is allowing naked shorts to determine the market price, and you could very likely be one of the targets for the shorts.
Take delivery, or don't buy at all. It's in your best interest.
bengals
Posts: 1
Comments
<< <i>i'm thinking that $12.68 is a good entry point. i simply don't understand why silver is down so much more today... >>
Maybe it is the thin volume on a Friday?
start getting in slowly. don't bet the whole farm on it.
SHORT more SLV on ANY strength.
this has been solid advice for the last month!
---
if silver interests you, like i said above, put in 10% of what you
were thinking and wait a month to see what happens. adjust
accordingly.
I could be wrong but sold the recent run ups in my tech stocks the past week and jumped into SLV..
I sold all my gold in July at 960ish and all my silver bullion at 19++ with a great premium.
I think this sell off in silver is way over done so had to get back in the game.
Feel free to short.. it will just get more attractive and we should get a nice short covering rally..
Good luck to all!
Another hint, don't buy if you don't plan to hold. There is no upside to the ETF, except in very brief exposures in my opinion. The CFTC is allowing naked shorts to determine the market price, and you could very likely be one of the targets for the shorts.
Take delivery, or don't buy at all. It's in your best interest.