SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.01+1.6%Nov 12 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TobagoJack who wrote (78260)8/23/2011 5:35:06 AM
From: Hawkmoon  Read Replies (2) of 217735
 
Well.. not sure if you sinned by taking profits..

As I mentioned, I sold my SLV position for a nifty 10% profit in one week and I feel very lucky to have made it..

Very hard for me to trade from a hotel room when I'm not positive of the internet connectivity. Scares the hell out of me when I'm trading TZA.. lol

But TZA is very good play when anticipating a recession. Small caps get hammered the worst in that situation.

SLV could make another run tomorrow, but I think the USD may be due for some upside and that could impact commodity prices. My experience has demonstrated that when a stock (or ETF) flips a PSAR to the uptrend, it will have a period of consolidation before making the big run. I expect that with SLV in the near future.

The resolution of the ongoing revolution in Libya holds the promise of bringing down Brent crude prices and impacting the oil/USD arbitrage.

bigcharts.marketwatch.com

Hawk
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext