[SIZE=-1]Bob Moriarty [/SIZE] [SIZE=-1]This is an opinion. It is only an opinion. I am not a guru. I don't believe in gurus.[/SIZE] [SIZE=-1]The stock market is getting nuts. It's been a wild ride higher and now everyone wants investors to believe all is right with the world. It's not. Things are getting worse daily. If you are in the stock market, take some money off the table. There are more optimists now than there were at the market high in October of 2007.[/SIZE] [SIZE=-1]The dollar is getting clobbered. Everyone hates the dollar. When everyone hates the dollar, it's going to go higher.[/SIZE] [SIZE=-1]Gold and silver are behaving well but they too, are overdone. You don't have to be 100% invested all of the time. If you have some profits, take some money off the table. If you don't have profits, you haven't been reading me for the last nine months.[/SIZE] [SIZE=-1]We probably are not at exactly a trading top but we are pretty close. Better to sell a day early than a day late.[/SIZE] [SIZE=-1]This is only an opinion. It didn't come down the mountain with Moses carved into pretty marble. But I'm going to the caution mode myself. It's been too easy to make money for too long and that always makes me nervous.[/SIZE] [SIZE=-1]Bob Moriarty [/SIZE][SIZE=-1]President: 321gold http://www.321gold.com/editorials/moriarty/moriarty091109.html[/SIZE]
I think that while silver is still in a long-term bull market (otherwise known as a primary bull), I believe it's only made a short term, or secondary bull market high and that it's heading into a secondary bear market over the next month or two, possibly even three months, but after it starts going back, it'll go back up to $20 per ounce, possibly even $25 or $30 per ounce. My current target for silver is $14 by December/January, than by February, silver will be back to today's level and headed to $20 and than to $25-$30 by March/April
Nobody knows where the markets will go. It's more important to have your own investment philosophy regarding what to buy, what to pay, when to buy and when to sell. If the market moves big either up or down, there will be a multitude of people telling you they knew it all along when in reality some were heads and some were tails in a stock picking contest.
I couldn't agree more. Maybe I've just been lucky, or maybe I've ignored the advise of those who didn't do research but followed the whims of panicked mobs, or maybe it was both, but I've done extremely well with investments, none being in metals. Investment portfolios are like homemade salsas...never made the same way twice if done right, and no one investment "guru" will have the insight to guide even the smallest group to assured success. Guy~
Well said. You really have to make your own decisions. Most of the people doing the talking can't help you. And most of the people who can help you aren't talking.
I think Silver has a very high chance of rising , just look at the technicals. gradual higher highs, buying pressure high, just perfect.
