Thursday, January 28, 2010

Contraindicator to Short Silver

Everytime I get an itching to short silver, usually bolstered or created by an EW interpretation that "Silver will have a major decline"....I am wrong.  Whether on silver futures, SLV, or PAAS....just wrong.

I have killed on one night silver futures in the past.  3 contracts is like 15,000 ounces. 

Anyhow...silver has taken a beating lately, and I have that itch to short it.

So, I think I will go long!

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Insightful and Useful Comment!