Simple's Green Room

[gitonwithit]

Wish I knew what it was going to do. Some pretty bearish divergence on the weekly charts which would make me think some downside to come however it's fooled me before so it might fool me again.

I don't mind trading XAG for another 10 days or so, I've been trying to figure out what impact this whole thing is going to have on it. On one hand we could have a pretty decent short squeeze as the shorts try to get out before the margin change or it could just go on down if the dollar appreciates. Sometimes things go a tad bit differently than what I expect and other times I over-think it and it goes exactly like it should. Whatever I do I won't be trading the bigger lot sizes on XAG if I do trade it anymore. Shucks it could easily run back to 39 in a few days. I don't think the perma bulls are through with it yet.