Brewmaster said:
SLV kicking arse today
I just exited some very profitable SLV $22 calls I bought weeks ago in the $0.10 range. Expecting a pullback of some sort soon.
But the thing you have to consider. And go back and look at GLD, GDX, SLV charts and see. When metals start to run, they can REALLY run. You almost have to throw out traditional indicators in real bull markets.
At the same time, miners might lag for a long time and then play catch up all at once, then sell off more than the actual metals.
This is different than stocks because you have world governments, central banks, and world populace involved heavily. You have miners that operate around the globe. Some strong, some weak. A lot of different factors can move these things. Not for the faint of heart.
But we're nearing the point, if we get the pullback I'm expecting, that we might be at prices we won't see again until the metals bull market tops and we're in the next bear market.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)