ProShares Ultra Silver: Buying the Pullback in Precious Metals
- Wednesday, May 19, 2010, 18:28
- Gold
- 29 views
Trader Mark submits:Last Friday, I sold 20% of my ProShares Ultra Silver (AGQ) position simply because gold and silver were getting very crowded as trades. As I wrote then:Nothing negative at all to report on the chart for iShares Silver Trust (SLV) which is the underlying instrument for Ultra Silver… I am simply going to take 1/5th off here as a function of taking profits as they come.
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