RE:RE: FR and Its Leverage To Silver
Good charts goldguy..I am of the opinion that FR (AG's) relative underperformance on the way down will be reversed on the way up because a higher price of silver will most impact its earnings. I also like SLW and think the two are a good combination...at least that is the way I am betting. Taho also looks very strong.
Good for you doing some hopefully nimble trading here on the Thursday spike. Every time I try to time ins and outs I end up with less of what I originally bought when it takes off on the next leg.. I'm beoming much more of a buy and hold'em, but then I can't observe during most of the market hours.
We'll see if first there is a pullback and then followthrough....just as likely be extension and then a smash...
As for me, I am thinking one needs a serval month view, as escape path or point of exit, and the self confidence to stick with a winning trade.All very hard to acquire.
Many of us were fools to hang on during the downtrend and get beat up emotionally through that period...really foolish now to get out with a quick recovery profit thinking we can out smart a grazy market and get back in beofre the next leg up....