Posted on Apr 27, 2011 by in Letters

This looks like a top in silver to us.  So we sold our silver trade -- note, trade, not investment.  We took 40% profits in our account.  In our sons' accounts we took profits of 180% and 192%.  Our sons are better traders than we are (actually we just sort of trend trade their account and that is really more effective than what we do for amusement --which is trade too much.  Nonetheless it is indicative of the relative returns over the long term of trending versus trading.

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