We began buying silver earlier this week – a little too early in hindsight but, as the saying goes, “nobody ever rings a bell at the top or the bottom”. As we shake out the last short term bulls and revisit the lows this week, we take the opportunity to add extensively to the position in our Titan Macro fund.
The graph below shows just how oversold the metal is with it being down 11 days out of 14 now – however you stretch it that looks pretty good odds for a rebound back upto $30 in the days ahead to us.
What better day to accumulate than on a quiet Friday afternoon when everyone’s had enough..? One man (traders) rubbish is another man’s gold (or silver!) if you’ll excuse the pun!