I think it's safe to assume Silver is ready to surge again. We can enter longs here, the stop is tight, so risk a small amount. I am risking 0.25% only on it.
I'll also buy a $CEF position today.
Best of luck,
Ivan Labrie.
I'll also buy a $CEF position today.
Best of luck,
Ivan Labrie.
Komen:
Looks solid...
Perdagangan ditutup secara manual:
Closed here for sight profit:
Will reenter in a few days if valid.
Will reenter in a few days if valid.
Komen:
Anyone followed this trade?
Idea Berkaitan
@IvanLabrie, what's your thoughts Ivan, can it keep going? Are we looking at a long term bull yet?
Balas
@faronf, hi, entirely possible, but the implications would be quite negative for stocks and the economy.
Next week, we have a chance to see a correction start in stocks, I will be reentering my gold and silver positions...I only have $PAAS shares currently, and physical.
Next week, we have a chance to see a correction start in stocks, I will be reentering my gold and silver positions...I only have $PAAS shares currently, and physical.
Balas
@IvanLabrie, i'm long USLV currently, sadly i had bought at $11.80 before those pesky crashes hit taking it down into the $9 range, i bought some more in the $10 range. I'm hopeful we have seen a YCL for silver on that last spike down; guess will likely see next week.
Balas
@faronf, USLV, leveraged ETFs aren't good for long term moves. I'd reccomend some other vehicle for this.
Balas
@IvanLabrie, I plan on cycling in and out, will be watching levels next week closely. Long term decay would kill you otherwise, you're quite right.
Balas
@faronf, yes, glad you're aware of it. CoT data is encouraging and the chart is quite positive now, so I think we can capture many moves, with a long bias here.
Balas
