Re:Long term holding?Well, it looks like short positions have decreased , so smart money is getting out.
We might have early Christmas run this year. Weather we gonna see another big correction or not, to early to say.
Market seem to be moving in packs, and we are now at crossroad, where it goes from here, who knows, but I'd
say couple of down days coming up, then trend up continue.
6 months from now, men that's tough one, will we see $49 again any time soon, big no, this last correction, when Silver was around $42, margin increased,big guys are keeping it on short leash, plus Si is some time treated as PM, some time as industrial metal, we all know that recession ain't finished yet, second big no for Si to climb up.
When people on the street start to talk about buying Silver and Gold, it's time to sell it.
One day at time, take profit whenever you can, cut losses to minimum, that's my strategy.
Just another opinion, DYODD as usual guys!