Friday, May 6, 2011

Is Silver still safe??

Yesterday we have witnessed the sharpest fall in commodities’ share.

Earlier headlines in articles and news clouded the word, ‘Buy Gold! Buy Silver!’. But what they never tell investors were that, they should ‘Buy it BEFORE its too late!”.  Now we are witnessing the sharp fall. Traders or fund managers who have bought it last few months were taking profits from commodities, after the dropped in oil price hinting economic recovery.
I bought into cyclical markets and have not sold it since months ago. People may want to take advantage of short-term profit, buying silvers, buying into short term fall, they can go ahead in the past, but NOT NOW!
We have seen today that oil price traded below $100. Japan’s rebuilding effort slowly picking up, middle-east tension is not a surprise anymore…Things are slowly getting back to normal.
If anyone does not believe it this case, look at how much sharp fall commodities have presented. Most of the time they went reversed with the cyclical market. Most likely economic recovery is on its way.
We shall see as things move on, I am still cyclical in this situation.

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