Silver finds support - time for AGQ
We've been pimping silver since $27, and we were dead on. The iShares Silver Trust sprinted all the way up to $34 from August to October. Since then, shares have fallen back down to $31.50.
This looks like prime "buy the dip" territory. Our weapon of choice? The Double Long ProShares Ultra Silver (AGQ).
There isn't much downside for Silver right now. Presidential Candidate Romney already owns precious metals such as gold, somewhere between $250,000 and $500,000 according to his disclosure. Policies that effect the precious metals should be fine if he is elected. If Obama stays in office, Bernanke won't be out of a job, thus we keep printing and Silver and Gold skyrocket. How can you go wrong?
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Consumer Sentiment Bounces Back for August | Financial Sense
- This Is How ISIS Is Building An Airforce | ZeroHedge
- Keynesian Central Banking Is An Economic Scourge: More Evidence From Japan | ZeroHedge
- French President Says "There Is Risk Of War" As Europe Plans Additional Russia Sanctions | ZeroHedge
- Spain Sells First-Ever 50 Year Bonds At 4% Coupon | ZeroHedge
- Key Events In The Coming Week | ZeroHedge
- Busy Week Ahead, ECB Meeting Stands Out | ZeroHedge
The most relevant financial news and articles from the Internets
- 20 New Books We Can't Wait To Read This Fall | Business Insider
- The Hacker Who Allegedly Leaked Nude Photos Of Kate Upton And Other... | Business Insider
- New CEO Of Troubled UK Supermarket Tells All 500,000... | Business Insider
- Hong Kong activists in fightback after China vote... | Business Insider
- Mugabe says 'friendly' China vows to help... | Business Insider
- Suze Orman, Debit-Card Dealer | BusinessWeek
- Apple's Supply-Chain Secret? Hoard Lasers | BusinessWeek