Trade Update: SLV

The US dollar is the real deal regarding gold and sliver. The dollar is in a wedge that unbelievably seems destined to form a sharp tip before it decides which way to pierce. With a full short position on SLV we are positioned to score big if it breaks up. There is really no way out of risk in this trade. When the wedge breaks the move will be made by dollars in milli-seconds, so you have to be in already or you will miss the move. No guts no glory, but you do not have to be all the way in, you can cover 1/2 of your position right here at a small profit and wait until the tip forms on the USDX.