Thursday May 12, 2011
I sold my 300 shares of ZSL at 21.60 today. It looks like patterns on most silver stocks are bottoming.
We are not initiating any sliver or gold positions yet. Again the markets are in transition, this is not an ideal time to be putting on investment strategies. It appears that silver and gold stocks are making a short term bottom. As an alert reader notes, ZSL is a 2x stock which means one has twice the money up using leverage. We made about three points. And frankly the difficulty of providing updates for such trades makes trading difficult, Money can disappear or appear in an instant with a market move of $3 in SLV.
Professor Elam 
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