Silver. *Cough* 42.59

[LovingKayla]

Originally Posted by Lucas McCain

Let me guess, you are one of these fools that thinks the world is going to really end in 2012.

No. It's written in RED (in my bible at least) That no man will know. Of course Jesus was specifically talking about his second coming, but I'm pretty confident no one on earth knows when the world would end. And what sort of end are we talking about? Is it the end of civilizied society? The end of humanity because of a nuclear winter? The end of earth completely because of an asteroid? The possibilities are endless. On that day, I for one will be on the front porch in my sky chair with a flavored paper number and an ice cold beer (that was kept cold on this kick ass solar panel outfit I'm going to get in trade as soon as someone reads this and trades) listening to the wind blow through the cotton wood trees, as the sun sets.

Originally Posted by Lucas McCain

Please actually comprehend my words before you give an opinion on them.

com·pre·hend

   /ˌkɒmprɪˈhɛnd/ Show Spelled[kom-pri-hend] Show IPA
–verb (used with object) 1. to understand the nature or meaning of; grasp with the mind; perceive:



o·pin·ion

   /əˈpɪnyən/ Show Spelled[uh-pin-yuhn] Show IPA
–noun 1. a belief or judgment that rests on grounds insufficient to produce complete certainty.

2. a personal view, attitude, or appraisal.

3. the formal expression of a professional judgment



OK so based on the definition of those two words, mayday grasped your words with his mind and offered his personal view on them. I think if you look a little deeper you'll see he did in fact address your post.

I'm too tired to be a smart ass today, so please do take this in a friendly way. This is one of those things where there's no need to fight. One will be right and the other wrong. As for me, I've already more than doubled my money and nothing anyone can say here will change that. Just think where you'd be if you just sank 10k into silver when I first posted at 38.

That would have been

10,000 = 263 oz at 38 an oz

today

263 oz = 12,624 at 48 an oz


Sure, 2,624 that's not a killer profit (actually it really is) but jeez you would have had that turn over in a month. You would have had to do nothing. You sit there, it sits there and then you make money. So, I was right. Will I be right tomorrow? Who the heck knows, but I was right for the last 6 months.



And BTW I've made more on puts than calls (except the covered calls.) Adjusting with a nice double calendar here and there will work wonders.

[Lucas McCain]

I'd like to apologize to Mayday and Tallguy6. I'm in my 30's and I've been "retired" for years. My sole source of income is the stock market. I have degrees in Economics, Finance and Accounting and so yeah, I come across as a know it all. I quit working and decided to make a living just studying and investing in the market. I'm Ivy League educated and I went to school with many know it all assholes and after just rereading my posts again, I sounded exactly like the people I swore I would not become. Again, I'm sorry.

I have a very aggressive investing philosophy, and that includes buying ETF Proshares in assets that I think will do well - silver is obviously one of them. Because I choose to buy them online, instead of physically owning them, that is my choice - just as how physically owning them is yours. I should not have been degrading to anyone because others decided to do the opposite of me and actually own the coins.

My point is I am sorry for being an asshole, and I hope we all have a nice safe haven with precious metals - however one decides to own them.

[TallGuy6]

I'll hoist a beer in your honor later today. Cheers Lucas!

[mayday]

we all get emotional from time to time especially when it comes to our hard earned money. ETFs are a great way to trade. my only problem with them is that many of them are loaded with derivatives which are not necesssarily the item or commodity you wanting to own. still a great way to trade and I use them as well.

none of us know the future but a little insurance wouldn't hurt. lets all hope and pray we really won't need it. I'm a reluctant owner knowing that if Gold goes to 10K/oz the real currency will be bullets and this country will be no more. lets all hope we get some real leadership that turns this country around. good luck to you and hope you have continued success in the market place.

[slowmover]

With financial advice available here for free, I'm surprised Fidelity can even stay in business!

[Monte Cito]

Dropped 9 dollars in just a few days. Great advice - thanks.

[LovingKayla]

Not a long term investor apparently. And not up on current world events eeither. I do believe I said, this would move around. True, I wasn't expecting such a drop in a week, but I also wasn't expecting obama to have the testicular fortitude to pull the trigger on bin ladin. It's bitter sweet this moment.

All the advice in this thread is good. Actually I'd wait till friday and buy more.

[slowmover]

I was actually thinking of that aspect of owning silver. Good news in the world is bad news for your investment.

[wolfeman]

I don't do that much investing in the market. However, I have always heard that it is best to not micro manage your investments. Do not worry much about the daily ups and downs but think in terms of the long run. If the president catches a cold the market will temporarily reflect it one way or another. Although the events this week have made us feel good, taking out Bin Ladin will have little long term affect on the war on terrorism. Someone has no doubt already taken his place. It will have no affect on the economy. The United States is still, by all measures, in trouble and on the brink of bankruptcy. The very next negative report on the economy, or a reported sighting of Bin Laden at a Las Vegas mall with Elvis, and silver will again go up in price.

[StJames]

Silver and gold reflect the true value of our money and our money is worth less then the paper it is printed on. We went bankrupt a long time ago and have just been footing on credit, it will bit us in the ass sooner or later. I don't want to have to learn Chinese.

[Gulf2]

Originally Posted by wolfeman

I don't do that much investing in the market. However, I have always heard that it is best to not micro manage your investments. Do not worry much about the daily ups and downs but think in terms of the long run. If the president catches a cold the market will temporarily reflect it one way or another. ...

I agree. Generally, daily portfolio management is a tough way to sleep at night. However, I'll add that it depends on strategy. If you're a day trader, daily management is the bread and butter. If you're in the markets for the long term (college savings, retirements, etc.) daily management is a tough way to get any sleep at night.

Most likely, the markets have discounted the president's cold before we ever hear about it. Makes it tough for the small guys to capitalize on the daily news. So you're right, best not to try and get some sleep at night.

Good post.

[mayday]

oh ye of little faith. never buy spikes less you want your basis to be high. here comes a bounce but it is a bounce only. patience rewards those who pick up the pices come the end of June.