I am going long silver again

[barrytrot]

Unless my gut changes by Monday I will be taking this year's SEP IRA deposit that just hit and putting 100% of it long silver. The deposit hit my account after hours so it will be usable Monday (I think) and I'm putting every dime into dimes!

Anyone else going all in? Beunaderos you are already all in but you can still give an "aye"


Reasons:

I just like the current environment for silver. There isn't much downside at 31 and change and the up is an easy 40+ although I'll likely cash out at 32 knowing me

[beauanderos]

Barry... if this is a paper trade... good luck to you. We've all seen how counterintuitively silver is made to move. If you're stacking physical, you can't go wrong. All in myself

[barrytrot]

paper yes but the fabled disconnect hasn't quite happened yet and I think it is longer than my trade time frame away.

[agmoose]

I wish I had that option, but as a fed employee locked into my TSP unless I quit or retire, I'm stuck. I do have a few grand elsewhere, but the bulk is in TSP. Ugh.

Good luck to you Barry, I will just keep stacking with discretionary income as I have since 2009 and hope we are both right! On a positive note, I had to upgrade to a larger storage option for my physical last week. Then that crazy boating accident happened.......starting over yet again.

[barrytrot]

Ok, I put all my "new money" into a silver trade.

Not a very bold one, mind you, but it should be a safe medium grade return for a few months.

[barrytrot]

I just went long again. This price is just too attractive!