What I did today was short the same dollar amount of SLV, as what I could have gotten had I sold my coins (after commision) on ebay, when slv was almost at its high price of the day.
Bottom line: When I bought the coins at $15 each a little over a year ago,my plan was to sell them when I could get, after commision, $23. If I had sold them today(not easy to do with large amounts), I would have gotten $26 a coin!
I plan to keep buying silver, just think a day like today leads to a short term top, with spot price going sideways for a month or more. At worse, I cover my short with a tiny gain in August, at best, slv falls to 18 by next week and am out with a 10% gain.
