GREY:GPLDF - Post by User
Post by
bullishonsilveron May 05, 2011 1:19am
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Post# 18532697
silver sitting on the 50 DMA
silver sitting on the 50 DMAThis makes it a good candidate for a bounce... Remember that in Dec's pull-back lasted for nearly a month. The fact that 4-to-5 margin hikes in 8 trading days and silver still showing signs of life is a good buy signal. The opposite is also true, when good news don't move something, it's time to sell.
Because of the pull-back, I hold more shares of #silver positions than ever, but the value has gone down LOL. I should've added more $GPR in the morning but I personally hold too much already. Good luck!!!
P.S. But whether silver goes to $100, 40 or 30's, there's mind-numbing profits to be made in mining stocks.