Any tricks to predicting which way silver price will go? I'm new to this--got in 4-5 months ago and became bored watching my gains evaporate so sold most when it hit $25 thinking price would retreat. Wrong guess there. Ended up rebuying my core position (30%) at around $28 (should not have sold that in the first place but still learning). Price now needs to fall to around $23/oz just to recoup my initial investment in ounces. I am now expecting a fall to around $25. The question is, do I rebuy at 25 and eat my loss or hold off and hope for a further fall? I have been trying to predict price moves by watching world events (price of dollar and political events such as QE2 and Obama's hints on future directions of monitary spending by the US) but these don't seem to be very reliable--price goes up when everything tells me it should go down or visa versa. Any reliable way to predict price moves for silver?
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