Wednesday, August 25, 2010
No, not really. I will yawn and take the loss if SLV rises any further. That is because while Silver has resistance at the top red line, if it gets there it will have brought a BULLISH ascending triangle to the forefront, and I have no interest in being positioned against something in a bullish ascending triangle that I am ultimately bullish on fundamentally as well. So today likely decides the fate of yet another trade that will not have worked out, hedge or no hedge. No further comment on the silver bear position. Any higher and you know I'll have booked the loss.