Oh, also a short term sell signal on GLD today. I'm already short SLV again as of last week. I also generated a 100%+ one day gain in oil via USO Th into Fri. Took half that trade away. Getting ready to take the other half of the trade back though and it "looks like" my 9.55 target I mentioned at my USO! USO! USO! blog will be spot on. Find me a "safe haven," Greg! :-)
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you better be real nimble on any sell here of prec. metals....
Naaah, plenty of time. I shoot for price targets anyway. SLV already "promised" a move to $14.43 and I have until 8/21 to get it to $15. Piece of cake for me. :-) This new trade is outlined on my "I'm a SLaVe for the SiLVer short" blog. I also had two long trades that generated 40% and 70% in 5 trading days previously...which was followed by my last short entry that netted 700%+ in 5 days of trading if held to expiration. I got out with a 240% gain though. If you can find someone who trades the sector better than I do...please! ...let me know and I will follow! :-)