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RE: Gold, Silver, And Crude Oil Are Getting Slammed In Early Trade. By Gregory Mannarino

in #money7 years ago

Risky game, greater the risk greater the profit's. Personally since my holdings are all physical, precious metal's base metals. When the price goes up I'm happy and when the price goes down again I'm happy. I buy more for less currency. I see a pop in copper for example I lock in a price and ship a load. I do not care about the price because I mostly hedge all my bet's. It is not glamorous nor will I get rich over night but I will continue to stack currency and convert it in to more physical precious and base metal's. When market's go side ways I will be sitting on real tangible asset's. With small bet's you can probably do in a couple day's or weeks what I could do in a couple months, maybe longer I don't know the particular's of you situation. However it seems to me using leverage in a paper derivatives market is insane. Big holder's of naked short's are able to drop massive position's in a matter of minute's and if your not privy to their timing you end up holding the bag, on top of that any type of analyses of the market's are completely useless essentially leaving trader's in the dark. Gambling really, and suppose the markets do go side ways and the price of gold and silver start climbing exponentially who in their right mind would take the other side of your trade when you wish to sell essentially leaving you again holding the bag. eeeesh that is definitely not for me. But I do feel bad for wishing the price drop's to $5.00. I tell you what, I will take it back hope for the price to pop for ya so you can close your position's and then let silver drop so I can hire Vin Diesel to carry my silver filled briefcase:)

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You do not need to feel bad for wishing what you want. Np. Trading is not for everyone and yes, your bet is the right one. Physical silver is the best investment by far.