Friday, June 12, 2009

ZSL: Ultra-short Silver

The inverse relationship between the dollar and metals (gold and silver) is playing out today. If ZSL can say above it opening price of $7.91, it can be purchased. I would rather buy ZSL than GLL. If executed, place a stop at $7.30. Upside potential for ZSL is $9.70. Overall, this is a high-risk trade.

Silver (SLV) has the potential of selling-off to $13.40-$13.90, which would be extremely positive for ZSL.

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