RE: Interest rate go up so does silver

[joejustjoe]

Anyone who bought the open is only down .04 right now. But yes.."hope" springs eternal. :-)

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=slv&x=40&y=24&time=18&startdate=1%2F4%2F1999&enddate=6%2F12%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

Major chachingo going to be made shorting the market either slightly before or slightly after the Fed announcement tho. I'm currently playing IWM long to the top and will post my short trade when I close that long out. "Expecting" a 100% 1 day gain in my IWM long...which will look like peanuts compared to what the short will generate.

Comments

[cryptocrusader]

True, if you got into silver though when I mentioned it with my last post, you would be up .25ish. But more than trying to make a quick buck, keep for the long.

[joejustjoe]

Well, it isn't going anywhere cept lower here soon. I wouldn't even consider a buy unless SLV breaks below 15.56 personally. Longer term it goes ALOT lower.