Thursday, May 5, 2011

Imminent Crash In Silver?

Just in case silver may get an epic crash I re-entered ZSL at the close, to hedge my silver positions.  An awful close like this usually indicates more downside.

ZSL represents 25% of my long silver positions.

Sorry bulls, I'm now hoping for a CRASH.

6 comments:

  1. We already HAD a crash in my opinion. SLV is down over 30% from last week's top. That's a crash. And to Hell with anyone who wants to argue semantics. I say it's a crash, so it damned well is a crash...nyeah, nyeah, nyeah, nyeah, nyeah! LOL!

    I don't think we're done with the downside yet, but what do I know. When it does bounce, it will be vicious, although it could still pull back viciously again. What a roulette wheel! I love it!

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  2. Also, this probably goes without saying, but wishing and/or hoping isn't a trading strategy.

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  3. If you're really hoping for a crash, then it's time for me to cover my SLV short.

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  4. Yeah, I would tend to think you'd be looking for an entry long. We just had a great pullback.

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  5. Let us know when you go long silver so we can take the other side.

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  6. sorry 30% isnt a crash, its a pullback. I see his point. fine, silvers demand is growing, but if supply is dropping, the price will go up and the bottom will drop out. let me see zsl @ 12-13 again. whats the upside from 12-13, 10,000% from where it was when silver was at ten bucks. sounds like a bunch of google experts in here. so please buy silver so i have more to short. good thread and good call on the short, we'll prolly do pretty good with all these retards buy silver long. LOL

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