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My desire to get long silver has been a bit of a running joke, because I’ve tried and failed a few times to do so. The losses have been tiny each time, but it’s been frustrating, nonetheless. I decided to remain in wait-and-see mode, and in the meanwhile, gold has been taking a multi-hundred dollar drubbing.
I’ve bailed (again) on silver first thing this morning. The reason is simple. Last night, I looked at the gold futures contract and immediately thought, “What the HELL were you thinking?” It didn’t even occur to me (until after hours) that there was a looming H&S top on gold. And if gold falls, obviously, silver will fall also.
Back on October 16th, I did a fifteen-minute video for my premium members about how enthusiastic I was about silver. In fact, I haven’t been able to shut up about this topic. Not to say that the past month of silver action hasn’t been silky smooth………
