Silver soared - and silver plunged. The history repeated itself to the letter. Practically each time after silver finally shows strength relative to gold, and silver investors cheer, the rally is invalidated, and a massive decline follows. While we think that silver's investment potential for the long run is enormous and we have special plans for the white metal in our long-term investment strategy, it doesn't prevent us from using the above mechanism as a reliable sell signal. We shorted the silver market on the day of the exact top and just one day later, silver already erased most of its May-June rally. Yesterday's closing price was the lowest in June. There's still huge potential in this trade, but one may be wondering if it's due to the decline's potential continuation, or perhaps based on the rally that might follow such a dramatic daily plunge...
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