Tuesday, April 9, 2013

AGQ / SLV / GLD Follow Up

I still have pretty high hopes for a GLD and SLV trade on the long side, I think the base needed is still there, but I didn't see the reason in watching these two deteriorate and just waiting there for the stop to be hit when they made a decent amount in the few days they were open (Friday)


At the fill, this came out to be about a +8% gain on the ETF for 2.5 days. I would have much rather held it and hope to again soon.

 SLV 1 min

 3 min

 The divergence went as far as 15 min so I figured it's a pretty decent one.

GLD
 1 min

 2 min

 3 min

And out to the 10 min so again, it seems like it was more than just intraday selling.

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