Silver takes the train south….

Posted on Apr 04, 2013 by in Letters

http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=9&dy=0&id=p15218233755&a=236108789

 

When silver broke we passed on a short trade  because we thought a large profit unlikely.  This is only the 7,198th time we have had to relearn this lesson.  If the chart says short it, shut up and short it.  So we should be adding on here instead of shorting it which we did.

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