May 03, 2011: lunchtime call

the inverse silver trade in ZSL, with entries at 14.50, 15, and 15.25 from yesterday is very favorable as downside momentum  is increasing.

the maximum 5 and 10 day losses in silver over thel ast 10 years have been 19% and 27% respectively, so this  -12% move in 3 days is by no means exceptional yet.

because  the ebvounds in silver can be just as vigorous, we’ll be careful stewards of our winning positions

Updated: May 3, 2011 — 12:57 pm
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