by silverflake » Fri Aug 24, 2012 11:58 am
OK gang, I know we say we want silver to stay sub-$30 for as long as possible for accumulation purposes, but man, I was growing weary of watching it flatline in that 27-28 area. In a very self-serving way, I want it to go up. Not too quickly, but I bought way too much SLV in my IRA and while it hasn't hit my sell-stop, I am down (well, actually, not any more as of this very second). Been milking selling covered calls luckily (though the premiums have been pretty cheesy). So, maybe now that we have a dead cat bounce, we can hold $30/ounce as a new consolidation for a while.
OK, I am done ranting.
Keep stacking.