gold and silver are great buys here. use a stop on June gold below $1280 and July silver below $14.35 and you will be just fine.
This is one reason that I don't trade metals............weather doesn't effect their price.
Dude.... (mike).....
.... still LMFAO......
Weather climate or political climate. Granted that each are different. But the prognostications are similar. And also so unreliable.
Afraid silver looks like it's going to test its long time support at $14.
While I will say I have my stops in with Silver and can not rule out a move to $14, I went home long Friday with the hope that we open up higher on Monday and go up. I do not see a need to continue the sell of. The large players are already long and all the major stops have been hit.
just remember, the seasonal average is for metals to go down from mid may, to the end of june.
(with maybe a minor bounce around the end of the month).
so i would be very careful being long here. keep a tight stop.
it may be better to sit on cash until mid summer. and then buy.
I totally Agree with you Bear. I am going to put a tattoo right across my forehead that states, Do NOT buy Gold or Silver during May or June. I may look silly, but just one year, I would love to go by, without me long gold and silver during there annual decline. I just can not believe I did it again.
Live and learn.......and learn and live and live and learn some of the same things over.