Given that I see:
- Stagnant global growth, at best
- No QE on the horizon, and no hint at it in next week's FOMC meeting, except to say that the Fed still has the capacity to act should the need arise.
- A deteriorating situation in Europe
- Silver has farther to fall than copper, even though copper still has room to sell off
Short QI (silver) at 31.35. Not too much leverage, and I may keep a tight stop on it.
Update 1: I hope I didn't make a bad call here, but I decided to exit at 31.325 - it just looks like I'll be able to short at a better price (didn't I keep saying that about copper?).
- Stagnant global growth, at best
- No QE on the horizon, and no hint at it in next week's FOMC meeting, except to say that the Fed still has the capacity to act should the need arise.
- A deteriorating situation in Europe
- Silver has farther to fall than copper, even though copper still has room to sell off
Short QI (silver) at 31.35. Not too much leverage, and I may keep a tight stop on it.
Update 1: I hope I didn't make a bad call here, but I decided to exit at 31.325 - it just looks like I'll be able to short at a better price (didn't I keep saying that about copper?).
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