Wednesday, October 21, 2009

Silver and gold

There's no way to make or lose money unless you take some action.  The dollar is looking like it may turn, which would crush the run-up in precious metals.  The SLV chart looks more exhausted than the gold chart, and also there's a nice big gap in it just begging to be filled.  I have an open order to buy ZSL, ultra short silver ETF @ 4.78.  We'll see how the charts play out.


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