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ProShares UltraShort Silver Message Board

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  • hoppinl hoppinl Apr 8, 2011 1:15 PM Flag

    Falling through $20.

    I don't doubt that Silver will hit $50+. I am long PS. The question is, when will the Feds raise interest rates? This spike can't go on forever.

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    • Nothing goes on forever. I have been really surprised that we haven't seen ANY pullback worthy of the name. At some point, probably on news (no more QE?) there will be a major selling event, which will mean nothing in the long run, but will shake people out. I have been entering daily stops on some of my SLV calls, and I've been using bull call spreads on SI options lately. I might take some profits if the sell-off occurs. But top picking is for fools and jackanapes! Hi Ho Silver!

33.51-0.01(-0.03%)Oct 21 8:00 PMEDT