Tuesday, June 21, 2011

Dabbling in the silver stocks

Some of the junior and major silver stocks seem to have made a nice tradeable bottom recently.

Bought some of my favorites yesterday and today - SVM, AG, SLW.

This may reverse in a couple of days, so be ready to move once again.  As a couple of guys I really like say, "React to price movement, not what you think should happen." 

And that's it in a nutshell.  I'm thinking we should go lower, but SIL, GDX, GDXJ are all headed up in the near term to correct the vastly oversold levels. 

I'm along for the ride for at least a couple of day.  I hope you all were paying attention and are doing the same.

Until the next time...

Fiat Doubter

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