Hi-Ho Silver Position Trading Updates

By Hi Ho Silver

I actively trade and invest in the Gold & Silver markets.

I started trading the equity markets in 1998 using a variety of trading methodologies, trading software, time frames and technical indicators. I have narrowed my toolbox to just a few to determine investment decisions.

Before I discuss my trading methodology, I would like to point out that:

• The financial markets are manipulated.

• Equity markets are casino’s filled with High Frequency Traders and should be avoided.

• The world is in a competitive fiat currency devaluation led by the $US.

• “Real” interest rates are negative, which is the perfect scenario for precious metals.

• The best way to preserve wealth is to become your own personal central bank through ownership of physical precious metals.

• Precious metals are in a Secular Bull market.

• The easiest way to make money in the financial markets is to buy an instrument in a Secular Bull market.

• One should always Buy WEAKNESS and FEAR.

• Silver is the “bitchy” metal and should not be traded using leverage.

• The manipulated PAPER market still rules the price of silver, but is changing quickly.

A little bit about me:

In 2006 I sold a property in London which tripled in vale after I bought in 1995. The profits were placed in offshore accounts earning nearly 8% interest. Then rates dropped…and my interest income disappeared.

I became interested in precious metals after watching Gold move from $450 to $850. When interest rates dropped to zero, I decided to become my own bank. In July 2008, I placed 50% of my profits into 1oz Britannia gold coins.

In only three years, these coins doubled in value. However, I realised my “profits” were not actual profits, but rather a preservation of wealth. Huhh??? Fiat currency wealth is lost through cancerous inflation and devaluation. As the cost of every day items rise in price your wealth disappears. Owning Gold and Silver PRESERVES your wealth because it increases in value at the same rate your home fiat currency is devalued.

I wanted to generate REAL profits. After researching Silver I realised it was undervalued due to price manipulation. I decided to invest another 25% of my property profits (which were still in an offshore account collecting .25% interest!) in silver in August 2010.

I rode Silver’s Autumn bull run to the $50 high using BullionVault. I continue to trade Silver to gain real profits.

Methodology:

• Use multiple Timeframe Confirmation. My analysis is based on the 60/120/240 minute charts.

• Use Channels, trendlines, moving averages, support/resistance, divergence, and other chart patterns.

• Use seasonality

As Silver is in a secular bull market, I will provide Entry points.

I take profits based on Seasonality. All entries will be based on the goal to take profits in December or Janary.

You can see some of my recent charts and work at TFMetals here.