Rule #4. Dollar - cost average to lower your costs - and increase your discipline.

Dollar-cost averaging is an ideal way to implement Rule 2. By making
same-dollar purchases at regular time intervals, you wind up buying
more metal when prices are low and less when they are high.

This approach helps you develop discipline, erasing the "trader'
mentality that infects many market participants and instead fostering an
"investment" philosophy.

Dollar-cost averaging also eases some of the sting when prices move
against you, allowing you to view the downturn as an improved buying
opportunity rather than a disappointing loss.
Many beginning investors think "if only".......

* If only I had subscribed to The Morgan Report four years ago and
bought the one Top Tier silver company "61 Neutron" as Charles Savoie described it, look at how much money I would have made.

* It is human nature to want to be precise in all our affairs, but in the
real world of competing against others for the one thing most of us think
about daily--- Money-- a mature approach is necessary.

* Getting in at the exact bottom and out at the exact top is an
amateurs approach. In a bull market "dollar cost averaging" is a wise
approach.

* However we want to caution our readers that averaging down in a
speculative mining company can be very dangerous.

* We normally do not advise doing so. However, in a top tier company
or gold mutual fund this is acceptable in most cases as long as the bull
market is intact.

The Morgan report will be a bit more aggressive than we have been in
the past, in our speculation section we will be taking some short term
profits along the way.



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