Slow Roll Higher Under Way?

The bullion gods are playing games with me. I could swear I just saw gold was at $1275, platinum at $1060, and silver at $17.77.

Now that I have pointed that out, I am ready to accept the blame when it peters out in the morning.

#SepticTouch

 

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silver at $17.84 as I type. We'll see what New York does with it tomorrow.

 

About time to straddle the GDX again if it hits 25-26 range.

 

Ah yes, life is good...

 

Dang, Im fiairly dissapointed to be hoist, I wanted to buy more silver for cheap =)

 

$17.88 right now. Always wish I would have bought more when it was lower...but I will continue to buy here and there even as it goes up. I just like silver

 

I warned you last week when it was at $17.00. I bought and held all I could. I never borrow money to invest but it would have been a good move this time. Hindsight is great, foresight is often lost.

 

I guess I got lucky 3 weeks ago. An old friend called me up and said his mom had "some halves", and wondered if I still bought them. I told him I would do better than the local dealer and ship them to me. When I got the package I could barely carry it. Exactly 1000 silver half dollars. Unfortunately most of it is just junk, about 500 BU 1964 halves.

 

I bought in the 14+ to 16 range. Life is good currently

Yes, let's see how it plays out when we open soon

 

If it's real, I'm not walking "with my head bowed."

 

Howdy,

I too, just like silver. It worked in the late 70's as I sold 90% silver into the Hunt Bros. bull market. It worked with the huge bull market from 2002 - 2011 as I discovered Silver Wheaton and bought it in the $3-4 range . . . it topped out in the mid-$40's for my one and only Home Run. After the great bull market ended in 2011, I kept a toe hold position with a couple of junior miners as a tripwire.

I started loading up a couple of months back in the junior silver miners. My largest position is with SVMLF, but am also riding EXK and AG. Yesterday, I took out a minor stake in USAPF. These are all momentum plays that I scaled into only on their continued winning. I'm using a 10% mental stop loss which was tripped a couple of weeks ago with SVM causing me to sell a portion. I took my original investment out and have been playing since with 'house money'.

Here's the 3 month chart. http://bigcharts.marketwatch.com/ad...&lf=1&lf2=0&lf3=0&height=0&width=0&mocktick=1

Here's where kitco silver lists the miners. Most are in Canadian dollars.

http://www.kitcosilver.com/equities.html

and so it goes,

peace,

rono

 

Gold cresting $1295 today, silver cresting $18

And remember that "Sell in May and Go Away" is now on the horizon this week.

And when the market shows volatile drops - the metals move.

Set your strategies accordingly!

 

Or just buy when the relative prices seem attractive to you and hold. That is what I have done for 30 years. I buy pm as contra assets to other holdings, not as speculative holdings.

 

Sounds like you have your strategy in place. A bit different from mine, but if you're comfortable and it works - it's good!

The key is having a strategy and not just guessing and speculating.

 

I only bought 1 ounce for a good price, $15.50 Always thought the kawalas, and the like (aferican congo) would to best (i gess in the long run) first time riding the silver market up, than down, tenn back up again.

 

I've got more than an ounce - but I'm nowhere near enough to sway the market. But beware of those that are! Just learn to ride the momentum and take profits when you can!

 

How you liking those schools there in north Texas?

 

Looking like the roll will continue for a while. Unless I buy some now, then that will be the start of our next historic dip to $2.

Would really love another strong dip to that though. Trucks be a wait'n.

 

Well, Fridays gains are holding. An hour before the bell and gold is over $1300 with silver oh so close to $18

 

I wonder if I couldn't push the gains higher by selling a little today?