TAKEN MORE PROFITS ON SILVER (SI) (SLV)
Taken profits on our silver futures short position at $28.15 equivalent in silver ETF (SLV) is $30.80.
September 26, 2011
Taken profits on our silver futures short position at $28.15 equivalent in silver ETF (SLV) is $30.80.
Congratulations to those who participated in the silver (SLV) trade. We have taken profits and exited this trade now with silver futures at $32.40 with the exception of 3 contracts. Equivalent on the silver ETF SLV is $31.55.
Taking more profits on silver futures (SI) at $35.75. Equivalent on silver ETF (SLV) is $34.75.
Taking partial profits on silver futures (SI) at $36.90. Equivalent in silver ETF (SLV) is $35.95.
In view of the three day weekend, we are concerned about short covering this afternoon and on Monday in Europe and Asia. Our plan is to lighten up a little bit. We will exit the tranche on GLD from this morning entered at $182.10 right here at $182.45.
Added to silver futures short at $41.70. Equalent on silver ETF SLV is $40.60.
Adding to our silver (SI) futures short position at $41.50. Equivalent on silver etf (SLV) is $$40.43.
My success at calling tops in the gold (GLD) and silver (SLV) markets is well documented. Those not familiar with my work may want to start out by reading the following: · The Arora Report Blog Gold: What To Do Now Gold And Silver: What To Do Now Redux Silver
The question every investor should be asking — what to do with gold (GLD) and silver (SLV) now? In the last article, I discussed the Risk Reward Matrix of the ZYX Change Method as applied to the ETF GLD. I also discussed the proprietary sentiment indicator that is part