I honestly think silver is trying to drive me insane.
You see, many weeks ago, when I expressed a strong interest in acquiring large amounts of the metal, five-star Sloper Baby Bear wisely suggested buying small amounts frequently, over time, and not worry about the wiggles. Well, since I’m a self-absorbed idiot, I ignored his counsel, and instead did something more approaching this kind of strategy:
OK, I am exaggerating, but the point I’m trying to make is that I would tend to go “all in” when silver had shown strength, only to freak out at the first sign of weakness, leading to death by a thousand cuts. Most recently, I was absolutely thrilled when silver roared higher (and I was already long!) only to see it, hours later, go into a total free-fall, yielding a tiny profit instead of a big, fat, long-term hold of a position. I penned a pissed-off post, decrying silver as unadulterated evil.
I was stupid not to listen to our friend Baby Bear. I have, once again, entered SLV, but this time with a reasonably-sized position and a commitment not to panic at the first sign of weakness. The long-term pattern is still REALLY good, so let’s see if this can finally work out or not. Good grief.
