Silver has ended the week by holding above $10 level. Action has been very good for the metal, with a lot of talk surrounding the issue of whether or not there will be a silver ETF forthcoming to boost demand. David Morgan has been following the advance and putting out a lot of good information on the fundamental outlook for some time now. Let's see what he and Jim Puplava have to say about the recent price action in this week's Financial Sense Newshour.
If you've been around markets for any length of time, you've probably heard of 20th century supertrader, Jesse Livermore . Today we're highlighting his rare 1940 work, How to Trade in Stocks (ebook, pdf). But first, a brief overview of Livermore's life and trading career (bio from Jesse Livermore's Wikipedia entry). "During his lifetime, Livermore gained and lost several multi-million dollar fortunes. Most notably, he was worth $3 million and $100 million after the 1907 and 1929 market crashes, respectively. He subsequently lost both fortunes. Apart from his success as a securities speculator, Livermore left traders a working philosophy for trading securities that emphasizes increasing the size of one's position as it goes in the right direction and cutting losses quickly. Ironically, Livermore sometimes did not follow his rules strictly. He claimed that lack of adherence to his own rules was the main reason for his losses after making his 1907 and