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RE: The One Rule You Must Never Break When Trading Stocks. By Gregory Mannarino
Rule #2: Never trade the paper derivative of gold and silver. :)
Rule #2: Never trade the paper derivative of gold and silver. :)
Ha! Yes!!!!!! Never again.
All you have to do is look at this chart and look at the price of gold and silver to know that the paper markets are fake.
You are 100% Correct.
Boom!!!!! truth
Why not? I banked a 40% and 75% gain on SLV long via short term call options...and then today I banked a 200% gain on half of my SLV short position...in 2 days of trading. You can go long or short anything if you know how to do it. :-)
The main reason why not is because you're gambling. SLV is almost certainly manipulated. Even if there are favorable indicators (like right now the COT is low vol. which would seem bullish), contracts or even spoofing occurs regularly.