Wednesday, April 20, 2011

Silver Raid Has Begun

If you are trading the paper, you are better off with the AGQ as opposed to the SLV because quite frankly you have no idea if it has any Silver in it or not. If you trust Jamie Dimon and his cohorts you are playing with fire. I have been taking profits all along, now am left with 25% position am gonna let it ride. We will be getting many more raids from now until next Tuesday or Wednesday, Silver is very overbought, I hate that term. But I am now Giddy and Nervous all at the same time. Its a strange feeling i havent had since I was holding JDSU all the way up (and then all the way down, back in 99-2000) 



 I also picked up some ZSL at 15.80. I am going to use that as a trading vehicle at extremes like today. If you are quick you can protect your Silver gains and make some Fiat on the way down well all the while know full well that Silver will be over 80 by year end. 

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