Tuesday, April 12, 2011

AGQ (Silver)

Notice the HNS pattern on the intra-day chart, it's now completed and starting to form another one. I am hedging with another buy of the ZSL. I am extremely bullish on Silver (see checklist) all systems are go but there is a global interest in keeping the price of gold and silver down, in order they won't be able to stop price from going higher they just want to slow down the pace of the ascent. Inn the mean time as they put the screws to the longs, it nice to take some off the table and or hedge. It helps me sleep at night.

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