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ProShares Ultra Silver Message Board

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  • yourdeadmeat69 yourdeadmeat69 Apr 19, 2011 8:22 PM Flag

    Am i the only one that is nervous?

    It's always going to be a wall of worry, gentlemen, at nosebleed levels. Somebody asked if anyone hedged, I sell short term covered calls for a lot of premium, and ride the wind. Right now the $300 is selling for almost $28, that's a bunch of downside protection while preserving a 10% pop over the next four weeks.

    The world is destroying its fiat paper money to be more competitive, I don't think Bernookie will be happy until everybody here drops from $3500 a month to the same buying power of a Chinese coolie, $350 a month. Then our slave labor will be more competitive with their slave labor.

    See how that works?

    So do I expect a correction? Sure. 10%. from AG $55 to AG $50, at which time I will be buying the dips in SLV and PSLV and yes, AGQ.

    And selling covered calls wherever I can.

 
AGQ
43.32-0.40(-0.90%)May 22 4:00 PMEDT