I decided to try a new concept today; make money on ZSL. And you can't make money unless you sell. Despite this breakout in the ultra silver short, I am taking my 14% gain this time instead of hedging endlessly. That's what the shorts on other markets are for.Enough risk has been removed from a long gold miner stance that ZSL is expendable.
This is not to say I am bullish on silver (or the miners for that matter) in the short term. I am not, at least not for a real [intermediate] trade. The gold-silver ratio is getting very interesting and if it stays interesting, lots of stuff will be under pressure.
