ETF CORNER

AGQ : Would you dare ?

SLV : Target 55 !

SLV : Blow off phase in earnest !!

Here is my expectation for Silver in the next 4 to 5 months. We are in the early stages of a blow off top phase. I suspect SLV will pop up to $55 in late June and crash down to $34 and even lower by mid September. ZSL is the double short SLV and AGQ is the double long . Play ball

AGQ/SLV : Double Silver !

I have to admit that i'm still pretty amazed at Silver's ability to defy gravity for so long. On the last post (Click Here) I did think that SLV could pullback a little bit before continuing higher towards $55. I was obviously wrong on that call, we did not have any dip so far !!  On a final note here is the chart of AGQ (Double Long Silver) since its creation in December 2008. Who would have bet that this fellow would have rewarded you over 1200% up until now. Just wow !! See you before the open.