This is a follow up to the silver analysis I released earlier this week. I was looking for a long break out and that's what has happened. What next? Should you take your profit or ride through any pullback? If you've missed when can you enter
I have my silver buy limit for 15.3 that being previous support on daily. going up to 16.5 for now :-)
Glendoonie
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You're staying in it? What happened to the old addage, A bird in the hand is worth two in the bush"?
OK, that was my feeble attempt at humour. I am not in the silver trade, but I am in Platinum and gold. I think that's enough precious metals mor the moment.
Thank you for sharing your perspective.
SteveNixon
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@Glendooie, I was in Platinum last week but was stopped out so I switched back to silver due to the entry set up. I think there may be some more down side to stock markets which could boost metals so I'm taking a long term view on this. The last time I took my "bird" I couldn't get back in before the big push up so I missed it. I've taken half my profit and have my stop on Zero.
Glendoonie
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@SteveNixon, half a bird is better than no bird :-). I am in big drawdown with platinum, but it’s not threatening my account. All that glitters is indeed gold for me at the moment. I was thinking about buying silver at 16, but it looks as though that dingy has sailed past me. One day without internet was a bit annoying to say the least.
SteveNixon
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@Glendooie, Silver will correct at some point and give us another chance to get into it or add to the position. Hopefully your gold trade will keep boosting your account.
Glendoonie
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@SteveNixon, Thank you, Steve, Gold has been good to me this year and I plan to buy it agaim at 1300. Right now I am selling it down to 1303 or whenever I get gittery. The gold buy is more important to me :-)