KWN Special - Is Silver the Next Apple?

KWN Special - Is Silver the Next Apple?

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/18_KWN_Special_-_Is_Silver_the_Next_Apple.html

Kevin put together the above charts exclusively for KWN readers globally. Kevin also stated, “Bottom line, you have to suffer the tests of your convictions to catch the major trends.”

The lesson here reminds me of the great quote from Jesse Livermore:

“And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets.

I’ve known many men who were right at exactly the right time, and began buying and selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine – that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money.”

You have to buy into bull markets as early as possible and hold on to your position during violent gut wrenching corrections. The very reason I have quoted Livermore so often is that few human beings have the capability to capture the vast majority of an entire bull move. It takes incredible fortitude and discipline.

Some people may be concerned about the volatility in gold and silver and many of them will get shaken out of this bull market. Somewhere down the road there will be a mania and investors will have to live through it one way or another, either holding positions or watching in despair as the bull market advances without them.

===

z