Thursday, December 29, 2011
Silver Holds $26
For now, a plunge to long term support at $22 has been averted, which would have provided an exceptional stacking opportunity.
For those whining about their silver purchases and wishing they never made them, did you buy paper, or physical silver? If you bought phyzz, please go empty out your rolls and play with your coins this morning. Did your eagles go anywhere? Did your stack shrink? Didn't think so.
The hardest part about any bull market is to be right, and sit tight. The current price action in silver does not phase me in the least, because I have 100% conviction the long term outcome of this fiscal/debt crisis. My stack will never be confiscated due to rehypothecation and shady former Goldman Sachs banksters. Phyzz cannot go to zero, unlike the rest of the modern Western world's paper financial assets.
Be Right, and SIT TIGHT!!
Posted by The Doc at 9:59 AM