To: SAJ
Silver is now down 7.4%. A buying opportunity may be coming up shortly.
29 posted on
08/04/2011 11:32:51 AM PDT by
Terry Mross
(I'll only vote for a SECOND party.)
To: Terry Mross
silver and gold down because of margin calls in equities - people needed to pull money from safe-haven’s to get out of equities fast.
31 posted on
08/04/2011 11:39:33 AM PDT by
ImaGraftedBranch
(...By reading this, you've collapsed my wave function. Thanks.)
To: Terry Mross
Yes, it may. However, in this current situation, at least until the margin calls have played out, buying the dip looks more to me like -- as we traders say -- trying to catch a falling knife.
The trade I like right this minute is buying a straddle on Swiss Franc, specifically the Dec 130.50 strike.
Good trading to you!
38 posted on
08/04/2011 11:51:39 AM PDT by
SAJ
(Zerobama -- a phony and a prick, therefore a dildo)
To: Terry Mross
Silver is now down 7.4%. A buying opportunity may be coming up shortly.
I’d say that this IS a buying opportunity.
It’s about 20% down from April highs, which is a correction of a level that has occurred only about 7 times in the last 10-year run-up.
I’d also look at platinum, which is rarely within 5% of the price of gold as it is now, and has a history of readily trading at double gold’s price.
46 posted on
08/04/2011 1:20:24 PM PDT by
Atlas Sneezed
(Government borrowing is Taxation without Representation)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson