SLW up 2.93% AGQ up 2.77%Reversion to mean.
I used to talk SLW up as a consistent 2X the POS, as if it were an AGQ like structure. I've been convinced to use 1.23 by some other folks on this board that stole my abacus.SLW is still by that measure $9 undervalued the POS. That $9 is the definition of coiled spring.
I trade back and forth. Whichever one is oversold, I switch into. If it looks like silver is going to fall, I get into SLV. I never leave silver though, just switch between different ETFs and stocks. When silver runs, I'm there...All in SLW right now...
I actually have been watching and they are walking very close. AGQ has some wild swings, but over the past two hours, they are going at the same speed.