Email of the day (4)
Comment of the Day

June 28 2010

Commentary by David Fuller

Email of the day (4)

On silver and gold
"I bought my first physical gold this week. I've been trying to trade the silver metal for some time now, with limited success, so I figured some gold coins under the mattress would be a good move.

"Really love the service you and Eoin provide. I'm still learning the ropes here and I've probably made all the mistakes they say are part of the learning process, but I am enjoying the journey."

David Fuller's view A good idea, especially if it is a good thick mattress. Silver is undoubtedly one of the toughest trades in the business, due to whipsaw volatility. One has to factor that in, which can be disconcerting and risky. I liked silver more when it traded under $10. It was also volatile back then but at least one knew that it was cheap and therefore had a limited downside risk.

We are delighted that you like the service and trading mistakes are part of the business for all of us but we want you to profit from the venture. It is just an unsolicited suggestion but when markets are choppy rather than trending - like right now - keep a lower profile and whenever participating, try to shoot a fish in a barrel rather than looking for sport. But you already know that or you would not have bought the gold coins.

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