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No. of Recommendations: 3

You wrote, Precious metal prices are very volatile and fluctuate in a way that a savvy investor.....a savvy investor, remember.....shouldn't bet the farm on. I know this because back in my different life (as a dentist) I had good cause to be aware of the prices of these commodities because they made a day-to-day difference in how much I paid to my various suppliers of commodities and services.

I don't suppose you used futures or options contracts in your business to hedge against those fluctuations? You may not have been dealing with enough of it to be worthwhile; but it's a strategy larger operations employ to hedge against things like fuel prices.

BTW, I generally don't do anything with CAPS either. I think I entered my one (intentionally) short-term trade (short LL last year, and that was actually a combination of stock and option positions that I believe out-performed my CAPS record) I've done in recent years; but looking at my CAPS profile today it seems that it no longer has that trade. Oh well. Made me look...

I don't bother messing with CAPS because most of my investments are kind of boring. And I'm not sure I'd want to share anything exciting I find. After all they're often fairly thinly traded issues and publicizing them isn't to my advantage - at least not until after I'm done with the trade. Also I'm not sure I'd want any slack from people if I did badly on a trade and they were following me. I could put my investment club's trades on there ... but why?

I played with online play-money stock competitions back in the late '90s and early '00s; but that was before I had any real experience or any real money. I suspect most people that have both don't mess with it ... except for a few that want to experiment with some "crazy" strategies that would either make it big or wipe them out. After all, it was almost always people that chose penny stocks or options that "won" those competitions I participated in back in the '90s; but there was no way I was going to follow what they were doing publicly.

- Joel
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