The “Gift” and How to Unwrap It
Within an hour after my post last eve. that I was looking for an increase in margins, the CME raised silver margins 18%. That brought about the pullback I was looking for, overnite and into today. They will try other tactics including likely future margin increases but today (tomorrow at the latest) should mark the ideal entry point if you are not already in.(Where have you been?) The BEST way to take advantage of this gift is with silver near 27,(worse case 26) is to buy PSLV. Anything under 10 would be great, I am trying for 9.80. You can’t find physical silver without having to pay huge premiums. You don’t want mining stocks unless you are already in them. They will make money but don’t have to correlate with physical silver the way PSLV does.(Because it is physical silver.) I still feel there is a very good chance silver could hit $40 by Feb. 18th. That is 50% in just over two weeks. Good luck.
Middle bollinger band looks to be 26.20 to 26.90’s. That looks like a good spot to pick and matches up with your zone! I’m leaning heavy towards PSLV all in vs. miners.
Thanks CM for the great advice. It’s generous of comex to give us a second chance to get in on PSLV like you said! All the best to you.
Oh my, some of these charts are wrecked! Abandoned baby charts all over the board-SILJ, AG etc
Volatility since December in silver miners has been absolutely surreal.
THEY GAVE US THE FINGER AND IT STICKS OUT LIKE A SORE THUMB
Under 27 currently, is the “ULTIMATE GIFT”. By the end of this week it’s roman candle time!