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silver closing in on $27 an ounce today
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<p>[QUOTE="desertgem, post: 1032433, member: 15199"]I seriously believe there is no bad time to consider taking a profit. If you are an investor, you will find another area to move the money. I believe that far too many here have determined their end point more in time than in profit/loss and risk situations. So many say they are going to hold it for 2 years, 3 years, etc. rather than other financial indicators such as risk/rewards. Smaller investors use the physical material or shares as their claim, whereas most people/businesses who can influence the basic price use future contracts or options to leverage their interest. Even if you personally don't use options, they do give a very good indication as to the risks /rewards changes.</p><p><br /></p><p>Early Monday I noticed ( like many others I am sure) that the ratio of calls to puts on SLV increased dramatically, so I joined that group as for a while, bigger money is taking an interest, but their interest can wane quickly, so caution and watchfulness is a necessity. If the options are an indication, many do expect $30 by Dec 17. But as the price of silver goes up, the number of shorts will increase also, narrowing the gain ranges, and eventually could reverse the market.</p><p><br /></p><p>Knowledge, Research, and watchfulness.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1032433, member: 15199"]I seriously believe there is no bad time to consider taking a profit. If you are an investor, you will find another area to move the money. I believe that far too many here have determined their end point more in time than in profit/loss and risk situations. So many say they are going to hold it for 2 years, 3 years, etc. rather than other financial indicators such as risk/rewards. Smaller investors use the physical material or shares as their claim, whereas most people/businesses who can influence the basic price use future contracts or options to leverage their interest. Even if you personally don't use options, they do give a very good indication as to the risks /rewards changes. Early Monday I noticed ( like many others I am sure) that the ratio of calls to puts on SLV increased dramatically, so I joined that group as for a while, bigger money is taking an interest, but their interest can wane quickly, so caution and watchfulness is a necessity. If the options are an indication, many do expect $30 by Dec 17. But as the price of silver goes up, the number of shorts will increase also, narrowing the gain ranges, and eventually could reverse the market. Knowledge, Research, and watchfulness. Jim[/QUOTE]
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silver closing in on $27 an ounce today
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