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<p>[QUOTE=&quot;JCB1983, post: 1386686, member: 23885&quot;]Owle, I am not trying to hi-jack your thread here, but I did want to include some advice, or opinions from a day trader. I simply asked the question on weather this would be a good time to invest in physical silver. This is his response: Thoughts?</p><p><br /></p><p><span style="color: #008000">Hello,</span></p><p><span style="color: #008000"><br /></span></p><p><span style="color: #008000">I remember when I worked on Wall Street as a Stockbroker we would often help clients &#039;Hedge&#039; their trades. If they were expecting a move higher in equities we would simply sell some Gold or Silver to hedge our longs. Since then which is over 10 years since, much has changed. Now, when you hear commodities the first thing mentioned is China, China and China. </span></p><p><span style="color: #008000"><br /></span></p><p><span style="color: #008000">FUNDAMENTALS:</span></p><p><span style="color: #008000">Precious metals prices have exploded in the wake of credit defaults and loose monetary policy in the last few years in US and Europe. The growing concerns of credit defaults in China may have the same effect for precious metal demand, supporting prices going forward. Look for the next round of inflation data from China as a major factor in the silver market.</span></p><p><span style="color: #008000"><br /></span></p><p><span style="color: #008000">The fundamentals are there, but at the same time Silver is very over bought here. You may want to wait for the next leg down which may just come if the Stock Market begins to correct a bit.</span></p><p><span style="color: #008000"><br /></span></p><p><span style="color: #008000">CHART TIME</span></p><p><span style="color: #008000">I personally am waiting to see if the DOW makes it above 13000 and stays at least for 3 days straight. If so I may look for a Silver long but as it appears now this looks more like a good short instead. </span></p><p><span style="color: #008000"><br /></span></p><p><span style="color: #008000">I am in no way recommending anything here, just mentioning what I am looking for. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></span></p><p><span style="color: #008000"><br /></span></p><p><span style="color: #008000"></span>[/QUOTE]</p><p><br /></p>

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