Well well well well well…
My targets for ERY are $16-17.
My targets for SCO are $48-50.
My targets for TVIX are $18-20.
I’ll be buying a round of SLV or AGQ (hat tip to Chivo) when spot silver gets below $27.
I’ll follow up with a purchase of real physical silver when the $EURUSD gets close to last year’s lows – around 1.26-1.27; somewhere in there.
Around the same time, I VOW ON ALL THAT IS HOLY AND SACRED TO LIGHTEN UP THIS GOD FORSAKEN SHORT OF ENERGY, WHICH OH SO NEARLY CLAIMED THE LAST OF MY SANITY.
Merry Maymass,
Cain Hammond Thaler
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Your balls are going to have to swing pretty freaking low to step into silver within a penny on the Euro and a buck on spot. The sector looks like death right now.
Could certainly bounce over the next few weeks and long term I don’t doubt it will go higher. I’m looking to step in closer to the 2008 highs in the low 20’s if we get a good old fashioned deflationary vortex. Of course we may never get there.
Congrats on the energy short. Your ability to sit and suffer is quite remarkable.
A regular masochist…
haha awesome Cainman happy christmas to you! I don’t know I can look at TVIX the same, after what it did to me lol
It’s a pretty horrible vessel, to be candid. Once I’m out safely with profits in hand, I hope Credit Suisse gets the high he’ll sued out of them.