SLV & ZSL
Seeking Alpha Analyst Since 2011
The silver market looks better an better. 3 of the 10oz bars we usually order were sold out yesterday. My amigo said they had countless inquiries and sold a ton of silver too mostly new clients.
I got stopped out of the ZSL at 20 an broke even on a 100 and made 34 cents on 200....... <made squat>....... 6 commissions
Bought the SLV back @ 33.88............ I few pennies less...... Not worth the wasted day......... Well the volume is slowly dropping an this still leads me to believe that this might be the new low price area for silver.
All the buzz about this an that , the fact is , buying of gold an silver are going to continue. China an India and most Asian countries peoples love the metals. There populations are massive and lets not forget that American's are still the big daddy and were buying. The Fed, Banks ,hedge funds, colleges an all sorts of buyers are putting it in IRA's at levels not usually seen before. Bullion ! Not just paper.
All the people on our planet are realizing their paper is fiat and the US dollar is too ! There is no real confidence........Maybe the Swiss.... Only US Treasuries are used by the giant pools of monies......... That is America's saving grace and their gaining valves have been my investing downfall. All my assumptions revolve around the US debt,but, the world just keeps running back despite each bad number that is released. And, the debt clock keeps climbing !
I keep trying to find the right entry point to load up on TBT......... I have bought several times and I hit the Stop loss each time. I few gains an a few pennies lost.
Everybody knows ,but, it ain't happening and now there saying 2.75% on the 10 year............
Lets see if the world is plunged into the Israel an Palestine war about to start in mid June...... Maybe that coming violence will rally the Treasuries high enough to get a safe short............... Watching ! As Mr.. Dow said....... Buy when there is blood in the street............
So. were long Silver and trade it an the rest of the portfolio sits long term.
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