It's the upcoming easter weekend and what a prelude, Spot Silver is currently down 4.47% to 31.22 It will spend the next few months forming a bottom. Meanwhile I've repositioned myself for the rally that's coming probably within the next few months. Two weeks ago I sold out on almost every silver position I had but today with Silver falling it's just an irresistible time for me to get back in. I'm now out of the money positioned for $60 strikes in December 2012 with the risk reward ratio pretty insane considering what's about to unfold. I don't know the exact bottom but I'm not going to cry over a few thousand dollars which is my downside should Silver fall to $30 support or below which I highly doubt so may happen. These are life changing opportunities and there's no way I'm going to let this pass me by. The longer the continued consolidation, the greater the expected rally that will unfold.
No comments:
Post a Comment