I own a lot of physical gold and silver, and I had planned to amass a VERY large position in PSLV.
I established a medium-sized position, got out at a good profit a couple of days later, and since then have tried entering and exiting a few times, losing money in each instance (but preserving most of my earlier profits). This morning was the last straw. As thrilled as I am about silver’s prospects, I am not TOUCHING this stuff again until after the election.
I mean, let’s face it, precious metals aren’t exactly screaming “bargain price” right now, and the election is a MONSTER binary event whose outcome could take days, or even weeks, to resolve.
The bottom line is that I have NO trade position in precious metals, and I will not have any until this election I just found out about this morning comes to pass.
