Highest days to cover in LSG history (43 days), SLV & GLD breaking out
Per my post 10/1, SLV was holding $33 and GLD was holding $169 and I suggested adding to LSG, as well as base metals. I bought another 2400 @ .993 on 10/3.
I went back and looked - LSG has NEVER been this short, since inception. When SLV and GLD break out (both are very close, on decent volume), I will be selling my UNG and using all proceeds to buy
LSG, AUMN, SSRI etc - companies in the right industry that have completed offerings, and still remain very, very short. This worked like a charm near the end of 2008 ( I was buying CDE, HL, SSRI then)
Buying another $7-8k LSG on the base metal breakout. Ahead of gold production this qtr (see their site and recent release). Overdue for an upgrade as well, as are all miners.