Silver finds support - time for AGQ
We've been pimping silver since $27, and we were dead on. The iShares Silver Trust sprinted all the way up to $34 from August to October. Since then, shares have fallen back down to $31.50.
This looks like prime "buy the dip" territory. Our weapon of choice? The Double Long ProShares Ultra Silver (AGQ).
There isn't much downside for Silver right now. Presidential Candidate Romney already owns precious metals such as gold, somewhere between $250,000 and $500,000 according to his disclosure. Policies that effect the precious metals should be fine if he is elected. If Obama stays in office, Bernanke won't be out of a job, thus we keep printing and Silver and Gold skyrocket. How can you go wrong?
Best of the Blogs
Scanning and identifying the best blog entries every hour
- OMFIF’s David Marsh: Bank of Japan Stands to Make “Enormous” Losses | Financial Sense
- GDP Shocker: US Economy Grew Only 1.2% In Second Quarter; Q1 Revised To 0.8% | ZeroHedge
- Charting The Difference Between The Original And Revised GDP | ZeroHedge
- S&P Hits Record Highs After BoJ, GDP Disappointment | ZeroHedge
- Previewing The BOJ's Decision: What Wall Street Expects Will Happen | ZeroHedge
- Spread Thin — How the Fed Manipulates Financial Spreads | Financial Sense
- What Alan Greenspan Is Most Worried About | ZeroHedge
The most relevant financial news and articles from the Internets
- 4 mega-trends that could change the world by 2030 | Business Insider
- Recent attacks in Western Europe are scaring away Chinese tourists | Business Insider
- Russia to US: Get to the bottom of your own pre-... | Business Insider
- CNN responds to Drudge headline: 'Absurd' to say Wolf Blitzer was celebrating... | Business Insider
- MasterCard must navigate a competitive credit card market (MA... | Business Insider
- TRUMP: I was being 'sarcastic' | Business Insider
- Here comes consumer confidence... | Business Insider