Friday, November 10, 2006 at 11:39AM
If you managed to sit on your hands during the recent shakeout and not give any of your silver stock away, then its three cheers from all of us at silver-prices.
Seriously though, very well done, it sometimes takes balls of steel to hold on to what you have earned when the whole world is clobbering you.
If you have not got into position yet, then as we have said before, do not leave it too long. Silver is hovering around the $13.0 mark and in our very humble opinion it won’t be there for very long. We are looking for $20.0 and fairly soon, followed by a run at ‘Bunker Hunt’ levels or if you are of the younger generation, $50.0.
Our portfolio is looking very healthy at this stage and we are happy to hold what we have and invest more funds as and when the cash becomes available. All of our funds are in precious metals, gold, silver and uranium. It will be a close run race to see which eventually provides the best returns. A number of emails have posed the question of which one is the best? Well in our opinion uranium will narrowly beat silver, which will narrowly beat gold. However don’t go mad on just one stock in one sector. Pick at least six stocks in each sector and spread your risk around a little. In our experience some of the so-called best tips have turned into complete flops of a pump and dump nature. So do some work yourself and get comfortable with your portfolio. Always sit down and write down why you are buying a particular stock it will help to focus your concentration. And if your conclusion differs from the heard go with it.
Hang on to silver you are about to reap great rewards for your patience.
10 November 2006