Silver buyer beware, it might not be a good entry point here

From the behaviours and seasonality, silver is at the end of the strong season of the first half year. It is going exponential now. If gold rises in the next couple of weeks, silver will follow but risk spike down after gold corrects. If gold stays flat, silver may correct in the near term. I think gold is a safer alternative now.

However, in the long run, silver will rise much higher (Au/Ag~10). One way or the other, buy only you wish to hold for a long term right now. Taking profit if you have a lot. It is better to wait for a later buying opportunity at this point.

As for shorters, silver has burnt a lot of nonbelivers. Better not to touch it. 

 

所有跟帖： 

• 多谢，比耐心 -方便面- ♀ (0 bytes) () 04/24/2011 postreply 17:24:08

• risk? are you kidding? or are you timing the market? silver is a -瞎扯淡- ♀ (229 bytes) () 04/24/2011 postreply 19:17:11

• You shouls read my text first - buy now if you hold for long ter -_学无止境- ♂ (530 bytes) () 04/24/2011 postreply 19:33:17

• I feel the same price movementlike those of spring 2006 and 2008 -_学无止境- ♂ (27 bytes) () 04/24/2011 postreply 19:40:15