Opportunity with Silver and Gold

Using Silver as an example with paper trading there are ETF funds that can be purchased for movements either way. One will be long ( bought on bigger dips ) and the other can be the opposite capitalizing on ( downward movements ). For example if you get real good at reading charts and you purchase at support points and sell at the trading range established on a 1 year chart your odds are good at making money. The same could be said for ETF `s that go short to the downside of resistance levels. If the ETF`s are 2 X movement that nice money. Not long ago AGQ was close to $ 80.00 a share with Silver near $ 22.00. Today AGQ is around $ 64.00 a share. On the opposite side ETF`s that specialize on the downside at 2X the $80.00 would have turned into $ 94.00. Using 100 shares that would mean a $ 1400.00 gain, well over 10 % gain. If the price action takes place 3 times a year using only 1 movement ETF that would produce 30 %. But here is the beauty, if you play the upside and downside both the possiblities increase substantially. 60 % in 1 year. Compounding that a $ 5000.00 initial investmentfor 10 years would produce an account worth $ 650,000.00 as quick round up numbers without getting to exact amount. But you get the picture. Naturally taxes would come out of that but if successfully done your setting up a nice retirement. Imagine the amount for 20 years and that number would astound you. Doing nothing would mean the same ol same ol going forward very slowly with little to show for it.

Trading ranges don`t always last though. There will be times when the price might go ballistic like when silver approached $ 50.00 and ounce. Charting gives you an educated edge, learn it !