Market Curiosity: Exploring Markets And Systems

April 25, 2011

Quick silver and SLW update on monster volume

Filed under: Just Watching — Tags: , — Jeff Fitzmyers @ 4:41 pm

Simply monster silver volume. However, price did not breach Thursday’s low. (Yet)

SLW speculation: SLW might start going up if and when silver closes a few days above this recent high — when the realization hits that silver is going much higher. (Not saying silver will go much higher, although that’s my current reference point.) Then SLW will possibly play catch up. I am wondering if SLW will open gap down in 1-5 days and be a buy. I’m wondering if it won’t get down to about 37.85 ish — March’s low.

So the strategy would be to go long silver futures or futures options at a relatively low risk juncture. Assuming that position becomes profitable, roll the profits into SLW calls about the time the SLW shorts realize they are on the incorrect side. (If that turns out to be true.)

References
+ Thoughts on SLW… Time to be flexible… What if the anticipated silver correction does not materialize?
+ Silver has more volume than gold today, SIFO in backwardation, again

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