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I say things on Twitter

10/15/08

The copper and silver doghouse

And I thought about selling SLV yesterday....put that one down as "error".

Thus is the way with the market; one day demand worries shoot copper up 11% in the time it takes to walk across the street. The very next day Reuters reports "Copper lower on economic fears". Well, I may have screwed this one up this time around, but it does show the folly of trying to chase newsflow and the value of making firm decisions and sticking by them.

As for SLV....holding through. Time is on my side, and the GSR chart at 78/1 still says 'way way way overbot' in my language. This is the luxury that being (mostly) in cash allows you.