Another kind of dip!
This is some of the best advice I've seen. If you are not in the market, buy now. If you are already in, read on...
By: Jason Hommel, Silver Stock Report
My portfolio of mostly silver stocks is down about 17% from its high last week on May 11th. And in that time, gold has dropped back from a high of about $720-$725 down to a high of $719 earlier today, and loads of so-called analysts are calling for a correction, or trying to describe this week's price action as a correction. Sigh. I've not been doing this for very long, only about 7 years now, and I've seen my own portfolio of silver stocks lose just about 50% three times now, on the way up to over 1000% gains. I never use stop losses--that's just a way to get kicked out at the bottom--which is a fool's game. I stay fully invested in the sector, rarely trade more than 10% of my portfolio in a month, and keep my cash to generally between 1-5% of my overall holdings. So, be patient, take heart, and stick with it; especially you newer investors.