Gold and Silver Investing: Keeping it Simple with a side of Patience ...

Pinnacle Digest writes: New Pinnacle Professor, Jordan Roy-Byrne, recently spoke to one of his highly respected fund manager friends. His message was simple: My advice for the next three months is patience. My advice for the next three years is precious metals. Patience and keeping it simple are the key messages of his most recent article.

The HUI Index has come under pressure in recent days. Shares of top gold miners usually lead out the rebound in gold and silver equities. Roy-Byrne reminds us that if gold and silver don't confirm their bottoms shortly, the shares will not perform well and begin correcting strongly. The HUI Index traded at $422.18 at 12:36 EST today. Its 52 week low is 372.74 and 52 week high is 638.59.

Gold and silver have just recently broken through key technical levels and gold and silver equities have now essentially been in a bear market for 18 months. There is a chance the equities could break to new lows, but any breakdown will not be prolonged.

In an effort to keep it simple, Roy-Byrne reminds his investors that if the metals break new lows, one should begin buying after the breakdown. In regards to the shares, one should begin accumulation on a retest of the low. If the markets begin to trade sideways and firm up, one should wait for support to be confirmed and then accumulate. It is simple but it requires constant patience. Again, simple patience is preached. This is easier said than done, especially when the Venture loses 1% on a good day.

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