Message:

<p>[QUOTE=&quot;Rono, post: 2402867, member: 6492&quot;]Howdy folks,</p><p><br /></p><p>I&#039;m not sure you can figure it out in the short run particularly.&nbsp; I just try to go with Captain Price and ignore the talking heads.&nbsp;&nbsp; This guy blames it on profit-taking and other factors.&nbsp; That&#039;s what it felt like yesterday afternoon - profit-taking. </p><p><br /></p><p><a href="http://www.kitcosilver.com/equities.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.kitcosilver.com/equities.html" rel="nofollow">http://www.kitcosilver.com/equities.html</a></p><p><br /></p><p>I try to separate my precious metals holdings into Investment and Speculation.&nbsp; My Investment in precious metals is sort of my insurance policy against whatever.&nbsp; My security blanket, if you will.&nbsp; I believe everyone should have a pm stash of anywhere from 5-10% depending on their wants and needs.&nbsp; Above this amount, I feel is Speculation.&nbsp; You&#039;re playing the market.&nbsp; You&#039;re betting on appreciation in the POG and POS.&nbsp; You&#039;re playing the game not unlike playing the overall stock market or even going to the casino and playing blackjack.&nbsp; &nbsp; This is fine so long as you realize that it is a gamble. </p><p><br /></p><p>I mention this because for the former, my investment, I really don&#039;t care what the current paper price of gold or silver is.&nbsp; Sure, I&#039;d like them to be higher, but in my long range plans it&#039;s not a deal breaker either way.&nbsp;&nbsp; </p><p><br /></p><p>However, in my speculative plays, all this short term flux matters utmost.&nbsp; I&#039;m a momentum player and have to have green numbers to hold.&nbsp;&nbsp; I&#039;m using a 10% mental stop loss to tell me to reduce my speculation.&nbsp; So, if they dink around with the market price too much, I&#039;ll get stopped out.&nbsp; I hate it but if you&#039;re going to play, you simply must have sell rules you follow without hesitation.&nbsp;&nbsp; Besides, you can never go wrong taking profits - teehehe ;-)</p><p><br /></p><p>and so it goes,</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in