SILVER TRADE ALERT (3:45 pm EST): More strong sell indicators appeared today in both gold and silver so we are going to reinstate our short positions in silver and continue to hold on to our short sells in gold.
I had mentioned the possibility of shorting silver again on Friday's post, and although silver did drop some more today, we are still getting back in fairly close to where we bailed out a little over a week ago. This correction could easily break below the $30 level in silver and maybe even reach the $27- $28 area, so the short sell is considered worth going for here.
I had mentioned the possibility of shorting silver again on Friday's post, and although silver did drop some more today, we are still getting back in fairly close to where we bailed out a little over a week ago. This correction could easily break below the $30 level in silver and maybe even reach the $27- $28 area, so the short sell is considered worth going for here.
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