Wednesday, December 16, 2009

BUY SILVER

Silver exchange traded funds are available -
Latest prices: SLV 17.35, SIVR 17.68

The pullback in Silver represents a buying opportunity. I view downside risk as reasonable while there is good potential for upside into year-end. I'd like to see a retest of 19-20 in SLV by January 15 and if not then exit. Raise stop to breakeven on January 1st.

Review trade on January 1st to potentially increase position.

Tim West 10:18AM Wednesday, Dec 16th

No comments: