Hi, with all the current events that have been against silver i feel we have hit a deffo bottom NOW!! i have dry powder and am thinking of opening to go all out with long pos. ok it is only a spread bet as i do not have the funds to go all out, but i do have a $2 stop on my proposed bet, am i mad or is it a good play.. P.S. i will be buying pys with any profits so i guess i will be contributing if i get it right.. BTW i am a long psy and never trade it.
Help Bottom... hope so!
Love these prices.. but digital silver could go to 0 ;). Really though.. once silver breaks back above $30, it's time to go long, and I mean, uber-fucking-long, March '12 40 calls.
I think once silver gets through $30, you should put a $2.00 trailing stop. That will help minimize your losses, while also giving you the cushion of a 6.67% move to the downside without losing your position.