Silver…gold…short squeeze?

Posted on Jul 23, 2013 by in Letters

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

Silver gapped across the downtrend line.  A clear signal.  Note that even clear signals don't always result in profitable trades.  On the other hand trades made without signals are much more likely to be losers.  Market rumor has it that the hedge funds are squeezing shorts.  Not known if these are boxers or jockeys.  We laid down a small unit bet on silver.  As we did with gold which has  a similar chart.

This is only a preview. You must be a subscriber to access the full text of this letter.


 
Username
Password
 

 
Choose a Username*
   
Email *
   
First Name *
Last Name *
   
 
  * Required

Tags: , , ,

Comments

You must be a subscriber to view and submit comments on this post.