Home > education, management, Markets > May 09, 2011: closing call Staying long Silver

May 09, 2011: closing call Staying long Silver


the maxpain range compression startegy paid off; we saw a nice gap up at the open, and buying pressure all day in the indices and in silver especially. AGQ (2x silver) returned 14%+ , day over day, and offered a number of low risk intraday entries

Oil, agriculture, and other selected commodities had their 2d day of recovery.

The news should be filled now with the discussion between those who call this  a dead cat bounce and those who call it a rebound from overreactive selling;   We have market money in hand here and cna play a continuation trade going forward with overnight risk exposure, and will be prepared to reinforce tomorrow’s momentum in either direction

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