February 19, 2014
Oil and Silver Position
I bought the oil ETF UCO awhile back. This position trade is working out well. It's up 11% now as oil has climbed. I also bought some Silver American Eagle coins as a long-term investment from Apmex.com recently. Gold and silver have both fallen a lot from the highs. It wouldn't even surprise me if they fell more. But, I don't really care as I'm just looking to build a long-term position. Both charts of course went parabolic and are selling off. Silver looked like it came down a lot more than gold has so far. That's one of the reasons I started in the silver.