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
- These Five Stocks Are for Fighting AND for Fun | iBankCoin.com
- Fed's Kocherlakota Explains Why He Wants Moar | ZeroHedge
- I AM BEAR KILLER. I GOT BIG MAGIC | iBankCoin.com
- Goldman Cuts 2015, 2016 EPS Forecasts On "Diminished Global GDP Growth" Just As Fed Surprises With Hawkish Outlook | ZeroHedge
- This Is The 12-Days-Old News That Just Spiked USDJPY And Stocks | ZeroHedge
- Why Every Banker On Wall Street Suddenly Wants To Be Jefferies' Managing Director Sage Kelly | ZeroHedge
- Closing the Gap | iBankCoin.com
The most relevant financial news and articles from the Internets
- Japan's huge pension fund set for major... | Business Insider
- Barclays bank takes £500m charge against forex probes | Business Insider
- Sororities Are Charging Crazy Fees Like $100 For Showing Up Late To Events | Business Insider
- Kiwi Tumbles After New Zealand Central Bank Calls Current Level '... | Business Insider
- US nurse bikes away, despite Ebola quarantine | Business Insider
- 6 Interesting Things We Learned From Entrepreneurs About Starting A Business | Business Insider
- Here Are The US Cities With The Most People Who Exercise | Business Insider