About a 4% loss taken on a 5% position.

In many ways, SLV was designed to bridge me to my silver purchase, because I wasn’t totally convinced we weren’t about to get another swift can kick. Now, things look ugly and the position is overcommitted. Gone.

I’ll run into AGQ if we get an EU bailout that doesn’t totally destroy the euro, or cooperation/independent easing from the Federal Reserve.

Silver is still a great place to put your money. This is buy and hold, with a decade outlook.

Cash position stands north of 30%.