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Bottom in silver miners

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April 27, 2011 – Comments (1)

For the last couple of months I figured that 1) Big money was buying real silver, and avoiding miners, while  2) Amateur investors were cautious of miners and would wait to see what bernanke said before buying more.  Hence the disconnect.

With that in mind, as soon as bernanke confirmed his actions, I picked up some more GPL at 3.45.  It closed at 3.82

I know you sholdnt buy things on a spike....but I really think that was the bottom....any differing opinions would be welcome (on whether or not its the bottom, OR on whether or not my logic behind it being a bottom made any sense)

1 Comments – Post Your Own

#1) On April 27, 2011 at 9:47 PM, HarryCaraysGhost (99.60) wrote:

Hey man, for Caps purposes I think I'm just gonna set some limit orders on Silver and see if they hit.

I left a few comments on your last couple of blogs, but they were way late. Check em out and by all means feel free to cal me an idiot.

Cheers.

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