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Silver Hammered
Monday, May 02, 2011
by Paul Thornton of Investor Boot Camp Online
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As every investor surely knows silver has been nothing short of spectacular. So if you're wondering why we're talking about it again today it's because too many investors won't recognize the risk that buying now is too late. Instead, we're watching for the peak. You might be seeing the peak developing today. 
A closer look at recent action shows silver may have already peaked. On April 25th silver closed higher but it lost most of its gain. The following three sessions marked an attempted recovery with Friday April 29th's session dipping slightly as the price ran into resistance at the high. It's still a relativelly bullish development but silver is hugely extended. The premise of superb portfolio management is to time the market, maximizing returns and keeping the gains. The implication, for silver at this time, is to operate on the premise that a near term peak is approaching. 
Silver was down more than 6% early in todays session (hot showing, Monday May 2nd). The large decline follows the prior session's attempt to hold near the high. A deep decline indicates it isn't working. If silver doesn't cut its loss, this session may be the decisive blow in the hottest market since last August. Investor Boot Camp Online is the premier investment information service for investors and fund managers who choose to excel. Expertise is Market Timing and professional portfolio management.
Recent articles from this author
- Stock Market Consolidating - Friday, April 13, 2012
- Reading the condition of the stock market - Monday, June 20, 2011
- Pump Up The Profit - Wednesday, May 11, 2011
- Break Outs Are Key Indicator - Monday, May 09, 2011
- Silver Hammered - Monday, May 02, 2011
About the author
Paul Thornton
Investor Boot Camp Online
Trading and money management experience: 24 years Paul Thornton is the Director and Chief Research Strategist with Investor Boot Camp Online. Paul is an expert in market timing and trade execution strategies. He is frequently on national television and other media for his market insights and investment strategies. He is the author of Boot Camp Banter with commentary on markets, the economy and business that is rarely heard. He is also the creator of Baseball and Investing which is an ongoing series comparing baseball to the management of investments and portfolios. He is well known and respected as a leader in investor education. Classrom seminars include Investor Boot Camp, Influences in the Stock Market, Understanding Investor Behaviours, Bases, Fixed Income Investing and the Advanced Investor Workshop are popular investment seminars. Investor Boot Camp Online is the premier independent online investment information service. The extensive information is used by investors who manage their own portfolios, investment advisors and fund managers. Trend changes are identified before anyone else and the top performing markets and stocks are identified at the beginning of up trends. Protecting capital in corrections has separated Paul from many other investment market experts. Research and strategies cover all North American equities, bonds, E.T.F.’s, commodities, income trusts and currency markets. The Investor Tool Kit is one of the largest investment resources available with information for both the novice and sophisticated investor. Mindset management is provided to help investors "keep their head on straight". Tips on Investing in Financings and Junior Resource Stocks are popular series with critical insights. Don't be fooled by the name Boot Camp. Experienced and disciplined investors may be the biggest beneificaries of trade indications and trade templates. Paul created the "Trade Risk" indicator which is a measure of the reliability of transacting in the stock market. His passion is to find the next great trade, as well as convince investors to sell at the beginning of corrections and keep them out until it’s over.
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