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TFC Commodity Trading Forum

Re: reversed my silver position / Ronbo *PIC*
In Response To: reversed my silver position ()

Hey Ronbo,

Unpredictable and wild, this beast Silver is eh...she's just broken back to the plus side in the last few minutes. I'm holding steady on long positions for the moment, still targeting a buck or two higher from here. Past experience suggests that Silver likes to throttle and then roast the shorts beyond pain in this situation...might continue on up until Thursday, with Helicopter Ben and QE3 on deck that day...I'll be taking some off the table before that as the overbought situation pushes even further into the rediculously extreme. You are certainly correct that there will be a major reaction/correction at some point to relieve it.

Best of trades to us both