Someone I know bought 500K worth of SLV yesterday. He told me free money is given out by investing in silver, like a QE for traders. I am kind of hesitant at this point to follow the herd but it may turn out that I am just stupid. Thinking too much and too logically may not be a sign of financial health though. What do you think? Go for it?
Free money in silver?
- Thread starter tim888
- Start date
And don't forget to be prepared to add margin $$. Five hikes in five months. :eek:
It is, my mistake.
Alot of traders get their heads all screwed up micro-managing trades in instruments that are inherently chopping and very forgiving for their impulsive "need to fade moves" mindset.
It's why most guys who've spent too much time churning stocks for quick bucks or trading stock indicies are literally roadkill for any commodity market, and oftentimes for metals as well.
Anybody who spends enough time looking at historical commodities charts has a healthy respect for how strong trends can be and have been.
No end in sight for the silver rally. What do you think? $50, $75, $100?