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Bullboard - Stock Discussion Forum ProShares UltraShort Silver ZSL

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Silver SubindexSM. The fund seeks to meet its investment objective by investing under normal market conditions in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts and forward contracts... see more

ARCA:ZSL - Post Discussion

ProShares UltraShort Silver > Adding 25% Position
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Post by Contra_Man on Apr 28, 2011 2:42pm

Adding 25% Position

On very heavy volume - on the assumption that the international banksters (GS et al) already have a few million shares accumulated and will leave silver late comers alone to let the price surge up, up and away thru $50/oz.  I say nope, they will not leave it alone for long (if there is any money to be made on the other side) and so IMHO it's hyperbolic appreciation will be stymied in the short term.
Comment by Contra_Man on May 06, 2011 9:47am
Exito with 86% gain for week...