iShares Silver Trust (SLV)

[jimmybob]

And by the way folks, I am in no way an expert on SLV, physical silver, and all the other fun stuff that comes with it.

Just think the sell off in GOLD and SILVER has just started, and is ready for the next leg to the downside...


Chart looks oversold.. right?

Tons of folks still bullish on gold and silver and think this pullback is a huge buying oppty... right?

Central banks flooding the market with $$ which means gold and silver should be the place to put money to protect from inflation... right?

Silver coins being bought up at record levels... right?

There are quite a few more reason why Silver should go up... but its not going to. Go pullback the silver chart until 2009 and then ask youself, what justifies the current price in silver and the move from $5 in 2009? What has changed? is it inflation? Only 9% cumulative inflation since 2009... so 9% increase in Silver prices means $5.40?

Much much more info ill be posting later tonight... :)

Have a great evening folks

And yes I:

have May 18th 22.50 SLV puts