Burticus

Today in Commodities: Quarterly Window Dressing

I am not a trader/analyst, only a humble country CPA who can read a map.

Rode oil from about 42 down, then back up to 66 this year where I snatched my chips off the table. Double long ETF did not perform as well as WTIC, which limited my gain.

Made a 1:1 leveraged side bet on silver in January at around 11.61 and still holding as of the Sept 30 close at 16.62 for a gain of 5 FRNs per ounce or 43%. Not a bad gain, but still sticking with my plan, waiting for the price explosion as the central banksters hasten the FRN's death march to the fiat graveyard then fiat Hell.

Accordingly, I must agree with the author that these were good plays.

Short silver?! Though there could be a dip, no way would I risk being short on October 25, when Israel is scheduled to attack Iran, which will also serve to distract from the currency vaporization from November into 2010.