The indicators appear to be foretelling that a pullback is imminent. AGQ has had a very nice run from the 117 area and my profits have been fantastic. I figured I had better not be a pig about it. But I do believe silver will head much higher. $35/oz silver by end of March is not out of the question. I will be waiting to get back in when the pullback appears over. If this is false pullback and it heads higher from here, well then, I guess I goofed. For those who are still in, what indicators or reasons are keeping you in at this point?
I remain about 40% long. My reasoning is that long term technicals and fundamentals are extremely bullish. Only short term technicals are bearish. Therefore, some exposure satisfies my greed so i can sleep better.