Loading ...Gold & Silver – Reloading For The Next Big Move
After last week’s extremely positive upside action coming out of their consolidations, gold and silver are reloading. Before this week is over gold should at least get back to it’s ATH around $2455. Silver should get to and break above it’s recent highs around $32.65.
The reload shouldn’t take more than a day or so. New highs are inevitable, only the speed and the magnitude remain in question.
So, round two. Let’s see if we get another explosion. Like a “bang!”
Loaded and waiting…August expiries…
If you have Aug.’s and your strikes aren’t way out of the money, you are “Golden.”
They are nice and tight.
Any recommendation on what possible etf might give the best leverage on silver as a speculative play for a very small percentage of a portfolio?
With the understanding that they could all become worthless at any time if the Comex collapses, the best etf with leverage that will give you the most bang for your buck(or loonie) until that day comes, is AGQ.
Uh, this seems to be an explosion in reverse. Sometimes call an “implosion….”