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I
personally use "traffic light" alert flags
to provide myself with a big picture of
where we are in this silver market. I usually
take action to pare my exposure and position
my portfolio for declines when a flag is
red, I am typically neutral (neither buying
nor selling) when the flag is yellow, and
I am adding long positions or creating exposure
to rising prices when the flag is green.
I am placing these flags here as an indication
of my mood only so please do not use them for
your own trading or investing as there is
much more to my approach. For example, a
short term red flag usually means
that I am selling but I could also be sitting
tight, depending on what my overall exposure
is at the time. A long term green flag
usually means I am looking to buy quality,
undervalued silver investments that will
appreciate over time if silver prices continue
to rise, but it says nothing about how much
cash I might be sitting on or when I actually
make these investments.
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