Full Disclosure, I sold some PSLV at these levels. Since I use margin, I am now only 130% long PSLV. I took some off the table and plan to take a little more off if silver hits $40. The reason is that just in case silver decides to retest $33 or $35, I'd like to have some dry powder available to buy more.
My new phyzz arrives tomorrow. Trade paper silver. Accumulate physical silver.
z
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