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« Endeavour Silver Corporation: Update | Main | Portfolio Update 21 September 2007 »

Silver Stocks: Take some profits off the table?

Yesterday we decided to take some money off the table in our gold prices investment account.

The reason being that both gold and the HUI looked over bought in our humble opinion.

If you are the fast trader type of person you might want to reduce your exposure to silver by selling stocks and putting the cash to one side for the moment. We are of the opinion that a small correction is due and you should be able to buy stocks at a slightly cheaper level in a few weeks from now.

We remain absolutely bullish on silver and should warn you that it is a dangerous to be out of this market on the chance that you may make a short term gain.

Have a good one.

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