Loading ...The beatdown in silver friday was pretty severe, as in straight down. Silver and gold showing some strength, imho, of late, seems to want to break upwards in spite of the bankster bash. Monday, could see another attempt at beating prices downward, but think by weeks end we will be showing green. I agree with Sir Richard that the trade is low risk, and could be an explosion upwards. Whole lot of shite that could make the news headlines supporting a blast up. And as Richard points out, we have ten weeks to catch a wave.
Keep in mind, that my mind set is one of a Gunslinger. The Buy and Hold just was not working for me. My Mission Statement would rezad a little like this: I dont care if PM’s go up or down, my job is to make a profit. And something else I have observed, and profited from , anytime PM’s go up three days in a row, there is a 90% chance the boyz are about to knock that rally down. A good time to take out some puts.
So please note Farmboy has gone off the Buy & hold reservation and gone Merc & Lurk. It may not work, but I had to try another approach. Still own a ‘core position’ of PM stocks, even added some more MUX at 1.92 on friday, but getting more aggressive with other trading options. Wish you luck with all your trades, Best Farmboy
Ps) If we lose on the SLV, I think we should send a bill of our loses to Richard. LOL !