What do you think will happen to Silver in the next few years??

I agree that all investing is about evaluating probabilities and weighing the odds. The beauty of the system in the book is that you don't have to formulate any opinion about market direction as long as you are willing to stick with it for a few years and not bail out at the bottom. You get to decide what to invest in, and the system takes care of the timing and portfolio allocation.

 

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If I get some time this weekend, I plan to hunker down for a read!

 

One thing to keep in mind, however, is that commodities are not limited to trading on the stock market. PMs have a tendency to go against all the chart forecasts, both up and down.

 

The comment was directed more to the stock market than to silver and gold, which is really a different game as you point out. One additional thought: charts and technical analysis have almost nothing to do with forecasting. They are tools to tell you what to do now. Tomorrow is a clean slate.

 

I just saw the stock market today (ouchy, ouchy) :axemeethead:

 

3rd year of a presidental term is almost always up (it's typically the best year)

 

And I was posting "WooHoo" to a friend The non PM portion was all green except for NLY which was down 1 cent, but it is an about 14% yield REIT, and has been very study ( one down quarter since I have had it) so as long as interest rates don't get jumpy, I can give a little here and there. A nice gain also has been in rare earths this last week as the dow dropped ( up 16%) in one week.

It is nice to have a balanced portfolio IMO.

Jim

 

I've watched NLY for awhile, but I can't help but think that there is a very high probability that the company will blow up at some point, like NEW.

 

I still think we are in for one heck of a ride. Only the ride will be the downhill side of the roller-coaster, the parts that scares the hell out of people.
Read this from the Wall Street Journal. The impact on Silver and Gold (well all the PM ) will be huge.

Get your ducks lined up and prepare for a change.

http://online.wsj.com/article/SB100...6132170181013248.html?mod=WSJ_hp_mostpop_read

 

Zeplyn: Good read! Thanks for the post.

 

Silver will reach $50 in 2011 ... Guaranteed

 

Silver is the hottest thing going in Numismatics right now. It has surpassed $35 which gold was at in the mid 1960's. I am buying all the slabbed 69 mod commems I can at up to BV + ten dollars, what a bargain plus lots of silver material as well.

 

That might turn out to be an excellent plan.

 

I bought a boat-load of the Benjamin Franklin Coins & Chronicles sets (unopened) a few years ago. I got ten (10) sets on eBay for $260 and then forty (40) sets for $1,000 from a local dealer...he couldn't get rid of them.

Forget all the packaging, the stamps, and the Poor Richard's Almanac...the Franklin "Scientist" is one of my all time favorite designs!! I especially love the "Join or Die" reverse.

The Red Book list the Unc mintage at 58,000. I image the C&C sets number somewhat less than that. I thought it was a great deal back when everyone was telling me I was nuts...and I still have no regrets.