I just read every reasonable professional blog I could find regarding PM and I learned three things.
(1) EVERYONE IN THE WORLD except me is almost guaranteeing that PM is going to the moon.
(2) EVERYONE in the financial business loves charts - and if you have the right chart, you can predict the future.
(3) 'Financial advisers' are merely latter-day astrologers.
Now here is the truth: Past Performance Is Not an Indication of Future Results
However. There now exists a potential arbitrage situation in silver. David Morgan is a silver specialist http://www.safehaven.com/article/11053/silver-arbitrage
I have to tell you that if you understand the math and not the hype, you will not jump into an arbitrage. You will eventually lose your entire investment - and the odds are .5% per month that you will. But I am a bit tired of being dissed as either not understanding 'what is going on', or a detractor of PM. I made my clients millions of dollars but I hated the business because it was - and still is - rigged. And I still hate it.
If you want to jump into an arbitrage, learn what we learned in order to become options brokers. You can't - it takes years. But here it is in a nutshell: http://en.wikipedia.org/wiki/Arbitrage_pricing_theory
Now, Bucko...if you don't understand this....and if you can't do this math with about four keystrokes of your HP-41, you are not an options trader. You are a nickel-and-dime wannabe investor. You may have two hundred thousand dollars in silver bars in your toilet tank, but that's chump-change.
If you want to trade metal, this is how you do it and if you can't step up, you are not in the game - you are playing Pop Warner:
If you do not COMPLETELY understand ALL of this, you need to be planting corn and, maybe, tossing another bucket of silver under that old engine block you buried in the yard so the feds wouldn't find it. At least you can eat the corn.
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