Thursday, November 5, 2009

Trading Silver

Silver made a lower high this week and is struggling in its current position. The dollar also seems to have a lot of volume while silver wedges out. This might be a good turnaround time and a good time to short silver. ZSL is a ticker which is two times silver short. I made a limit order so if ZSL drops 6 cents then it will trigger my trade of 300 shares. This will definetly be a good bear trade. A friend suggests it should take a week to make 300 bucks which will be one point. Ill be happy with 100 bucks. Either way we will see what happens.

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