We harvested our SLV position a couple of days ago, picking up around a 25% gain (see purchase post here). Silver is having a very good day today. Did we harvest too soon?
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SLV on its nice rally today is pushing up against channel resistance at (3), GLD is too. Harvest too soon? Based upon todays nice action, it looks like we might have!
Game Plan… Will re-enter into SLV and GLD on a break of their resistance lines at (3) (watch for updates). Remain of the belief that Silver can make a run at the old highs, which is around $50.