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 The Return of
$3.00 Silver!

Where were you when silver was only $3.51, in 1991? Did you buy any? How about corn when it was just $2.00/bushel in 2005? Why are good opportunities so hard to see at the time you need to recognize them?

The best opportunities in life, and especially the most profitable ones..., all are based on resounding truths that after the opportunity is past causes the majority to gasp - “Where was I? How could I not see it? How come everyone didn’t take advantage of the situation?” Only the informed and knowledgeable risk takers see the most advantageous circumstances when others just see trouble.

The spot opportunity I am discussing in this article is silver. In 2001 a similar opportunity existed in crude oil AND silver again, in 2006... corn, last year wheat. When a very low risk situation arises, it never is attractive to the majority. For the majority, the price is never just right.

On February 22, 1991 and February 22, 1993 the trading world saw the nearby Comex silver contract make lows at $3.51 and $3.52 respectively. This nearly perfect double bottom has held ever since, with a higher low placed November 21, 2001 at 4.04. Even if you had bought silver then, you would have had to wait a while until the market got going. It finally started moving up fast in 2006 when it took out $8.00. This spring, silver touched $21.18 on 3/7/08.

If you’ve been watching recently, you have seen a tremendous drop which has caused panic for many in the metal markets. Is the top in? Personally I don’t think so, but what is great about trading correctly--- you don’t have to know “for sure” if a given market will go to a certain price or not. All you need is a robust method which can help define risk, and the wisdom to pick a market with loads of opportunity.