Strategy for $50 silver

Discussion in 'Stocks & Derivatives' started by upandaway, Jan 2, 2012.

  1. upandaway

    upandaway Member

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    Hi guys,

    Realise this maybe more than a little early, but I would appreciate some advice on the best strategy to deal with getting through the resistance of the $50 silver line which we will surely revisit at some point. I have a sizable stack and know there are a number of options but unsure on the best.

    I personally feel that we will see mountains thrown at preventing it getting across this line in the sand and the CME have at least 3 more margin calls left in the tank if necessary. I really don't wish to have to play out another year or more correction knowing I could have insured myself in some way.

    I have considered selling at $48 ish and seeing if it crosses the line. If so Buy back in, being out of pocket peanuts compared to a crash down.
     

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