slopeofhope.com - 2/25/2009
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Far and away my largest cash short is in precious metals; here are a few examples.
I've got both silver and gold shorts, and I've entered them at good prices (e.g. last week and yesterday). I think these have a very, umm, bright future ahead.
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Short: Gold and Silver, Just Getting Started
[ The Financial Ninja ] —
... to the Friday's highs on any core short positions is prudent. Since this correction is just getting starting, adding on strength over the next few days is ideal. With Equities Sitting on Support, and Extremely Oversold, expect this counter trend bounce to have some follow thru. This will put significant downward pressure on precious metals. NOTE: Some of the mining stocks are ripe for some serious shorting. A couple examples can be found over at The Slope of Hope. Gold Falls as Demand Ebbs After Rally to $1,000; Silver Drops: ...
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