Replies to post #30739 on iShares Silver Trust (SLV)

[budmgd]

LOl...seems to be a few of those around!

What a perfect cup and handle!

http://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&b=5&g=0&id=p87401833284

[12thman]

Normally I would agree with you regarding shorting silver, but not today. I sold all my calls and bought March 11 $15 puts @ $0.29 for a quick trade. I'll close it out tomorrow and buy back March 18 calls if it falls overnight... Otherwise I'm stuck for a bit but I think the ECB action may make the US dollar pop, and that's short term negative for silver. Also, I see a chance the FED could hike next week after that jobs report.