Wednesday, October 27, 2010

Silver is not tarnished yet.

We are watching the dollar rally and gold getting smacked down today. It is also threatening to fail a swing low.  however silver is making a series of higher highs and higher lows from a test of ts 23.6% fib line.

Silver is still my play for the next down move in the dollar.  I am holding AGQ calls and EXK positions, unhedged.

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