Thursday, April 17, 2008

Alert: SLV

There is no more room for error on this one. You can see the US dollar, trending ever closer to the lower boundary of it's wedge has actually violated it. Any bad news overnight could send SLV (silver) rocketing toward 200 and we would be helpless to prevent it, stops don't work overnight. I would sleep better tonight long SLV rather than short it.

Buy to cover 100 shares SLV @ 180.62

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