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Silver Ultra Short ETF Shares up Over 25% Today!

dragondragon Posts: 4,548 ✭✭
in Precious Metals
Wow! And with the announcement that they will yet AGAIN raise margin requirements on silver on Monday, who knows where the bottom will be?

Comments

  • agentjim007agentjim007 Posts: 6,256 ✭
    If I wore ultra shorts I'd be arrested.
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    I dunno... I made about $1k buying and selling ZSL today in one trade. It seemed pretty obvious to me that silver was falling hard given what happened the last few days and today. I wouldn't stay in the fund very long, but if you can make a quick profit off of the day traders/Wall Street types who are plowing into it, more power to you. I still have physical silver and last time I checked, the number of ounces wasn't affected by the real time prices posted online. image
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • BochimanBochiman Posts: 25,377 ✭✭✭✭✭


    << <i>If I wore ultra shorts I'd be arrested. >>


    And, rightfully so! image

    image

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • fishcookerfishcooker Posts: 3,446 ✭✭
    Ultra shorts or ultra longs always look great on big days. Longer times are not so simple, though, given the math that goes against them.
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    He who lives by his shorts may someday get a snuggie that he won't soon forget.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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