Saturday, December 7, 2013

Silver, silver, silver

Since last time I posted DSLVdid exactly what I did not expect it to do. It climbed higher along the trendline. The arrow marks where it was last time I posted and where I recommended a short of DSLV. Anyway it's not a disaster but it has now arguably touched the trendline three times and that should be enough. Am I convinced, no, but I have a large portion of my money on this trade. Another thought is that Bitcoin mania is in full force and when it comes crashing down it might well give a push for monetary metals since the metals are a competing money alternative.

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