The correction was swift and hard, especially for those who got into the game late over-leveraged and sweating every minute. From Wednesday to Thursday we saw SLV volume go from 184 million+ to 294 million+ back down to 187 million+ today after what is currently a 2.5% gain of $0.86 for today (take into account 294 million shares is more than 10 times the average volume). Though a short testing of support level two is possible, I have moved back into to my options strategy full force. The wind not yet at our back, but I feel in a short amount of time it will be and am unafraid to jump in front of this market, as reckless as that sounds to some. I have lived and breathed the precious metals market for four years now and see no reason for futher correction short of another 08 style liquidity crisis or a crash in the equities market.
The correction was swift and hard, especially for those who got into the game late over-leveraged and sweating every minute. From Wednesday to Thursday we saw SLV volume go from 184 million+ to 294 million+ back down to 187 million+ today after what is currently a 2.5% gain of $0.86 for today (take into account 294 million shares is more than 10 times the average volume). Though a short testing of support level two is possible, I have moved back into to my options strategy full force. The wind not yet at our back, but I feel in a short amount of time it will be and am unafraid to jump in front of this market, as reckless as that sounds to some. I have lived and breathed the precious metals market for four years now and see no reason for futher correction short of another 08 style liquidity crisis or a crash in the equities market.
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