ETF CORNER

SLW: Bounce coming soon !

 

SLV/SLW : Silver pullback imminent !

I'm pretty bullish on SLV .. probably think that sucker rallies up to $55 (Click Here).

Silver SLV is trading at $41.60 as i'm typing this. As you can see on the chart below a big Silver stock such as SLW which is usually highly correlated with SLV has started to decline recently while SLV hasn't ! SLV and SLW are not correlated anymore which leads me to believe that SLV is ripe for a pullback in the short term. I'd short some SLV here around $41.60 with a potential pullback down to at least $38. You can also buy ZSL(double short SLV) near $17.80 for the guys with big "cojones" !!