This post was just published on ZYX Short Change Alert.
The SLW trade around position this morning was a quantitative trade — silver was temporarily overpriced compared to gold and SLW was temporarily overpriced compared to silver and GDX. However since then, our algorithms have detected massive buying by the momo crowd in SLW. A comparison of all the silver and gold miners that we follow shows that the momo crowd buying in SLW is over 10,000% stronger compared to other miners. It may be that there is some information about SLW that we do not know.
When it comes to trading and investing, controlling risk is extremely important. For this reason, consider putting hard stops right under your break even so that including commissions at worst there is no loss in your position.
This does not affect the long-term core SLW position or other gold, silver, and palladium positions being held.
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