03 | February | 2012 | wealthymatters

When To Buy Silver ?

February 3, 2012 1 Comment

If you are like me, the contents of the table here https://wealthymatters.com/2012/02/01/heart-stopping-silver-price-movements/ should be unsettling.But at the same time it shows how much money could be made in silver in relatively shorter periods and in a pretty passive way too.So the key to making some money from silver is to know when to buy it and when to exit it safely.The article below from yesterday’s ET should help a bit in buying and selling silver profitably.I have highlighted the parts I felt would be useful.

Silver’s path rarely smooth; don’t forget the dark clouds

Nidhi Nath Srinivas, ET Bureau Feb 2, 2012

Silver fell 44% last year, the most by any metal. Many punters in India lost their shirts. Silver is up 20% in January. Is it a good time to once again dip your toe in the water? ET helps you join the dots. Read more of this post

Filed under Precious Metals, Theory, Tool Kit Tagged with 200 days daily moving average, Bullion, postaday, Silver, Silver investing, silver prices

Advice For Speculators

February 3, 2012 Leave a comment

Below is a nice write-up I found here: http://www.numbersleuth.org/trends/.It has some pretty sage advice if you like to gamble or speculate.

Personally,while my brain can grasp the fact that Warren Buffett’s style of investing is the best way to make and keep money,I find it hard to control my urge to speculate.I deal with this problem by clearly delineating what resources I will gamble with and what I won’t ever hazard ,come what may.Next I’m willing to do what ever I need to to better my odds.Do read the article below;I have highlighted the important part.It will remind you of Rakesh Jhunjhunwala’s advice to buy with conviction.