Silver finds support - time for AGQ

Silver - Large Pic w Bars

Silver is finding support at the 200 day Moving Average. Time to back up the truck.

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?

 

 

 

 

 

 

And I love this article and whoever wrote this. It makes total sense. I bought AGQ today and hope it will go back up to $60 or more just like a few weeks ago.