tangman

Expecting a Top in PMs

tangman Güncellendi   
AMEX:SLV   iShares Silver Trust
1
A few days ago I stopped out of a short miners position, but I'm still expecting an intermediate level decline in PMs. After that decline, it will be a very good time to go long.

I will watch these carefully and may decide to short silver. I think the chance is decent for a consolidation then "one last pop", similar to the 4/13 candle. Then when silver drops, it drops like a rock.

Due to Gold's relative strength in the sector, I believe it is not the ideal short candidate. Maybe it has more geopolitical demand as big countries gradually move to replace the dollar reserve currency.
İşlem aktif:
I have bought ZSL at 31.2, stop below 30.
İşlem elle kapatılmış:
I took profits on ZSL even though I think silver has more downside. There is just too much uncertainty and potential strength in other parts of the sector (Gold & Miners).
Feragatname

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