"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, May 18, 2010

ZSL

Silver short ZSL covered for a very modest 3+% gain after providing insurance. Other shorts still held and getting hit as we evaluate the nature of this expression of relief. Tell you what; if this has any longevity to it whatsoever, the PM's (led by silver) will probably end up outperforming soon enough. Hence, goodbye ZSL... for now.