Silver Separation

Passengers in time
Lost in motion, locked together
Day and night by trick of light
I mus take another journey
We must meet with other names
--The Fixx

With the metals gapping higher again today, decided to take sell a trading position in SLV taken months back.

Metals seem to be sniffing new rounds of money printing, and this may be only the start of the move.

However, prudence suggests that gappy moves like this coupled with toppy oscillators and a move to the 200 day MA 9 (see graph) are where trades should leave the ride. Besides, still holding some GDX for a trade (trigger finger getting itchy here too) along with some CEF as a core (read: not tradeable) position.

position in GDX, CEF