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VelocityShares 3x Long Silver ETN Message Board

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  • pleasedonttazmebro pleasedonttazmebro Dec 27, 2012 8:18 AM Flag

    Buy, Sell or Hold USLV at 25?

    Sorry, but NO LOGIC appears to apply here? I would think PM 's would respond favorably to all the $ being printed and the state of things in general, yet this is not the case? I wish I had more but that's al I see. I do know that this could dip to $23-$24 then gap right back up to $35+ so for that reason I am in and will add on all unreasonable dips. If you believe in the long run silver is heading up, just hold on and you will be rewarded. The fact is the current state of the economy is unsustainable, of that I'm sure. Good Luck to you.

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    • US dollar goes strong these days. Fed may end buying bonds at the end of year meaning money printing will be paused. Interest rate will increase next year, meaning investors may shift funds away from commodities. When gold tumbles silver usually follows. These are some reasons why silver has been under pressure recently. Pessimistic.

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