Dammit! It looks like I shouldn't have sold off any of my silver positions today, however slight. Yes, it's nice to lock in a big profit, and yes, it's smart to reduce risk exposure, but if Bolivia nationalize's their silver mines, the current physical shortage in silver will rise exponentially. That crystal ball would have come in handy today.
http://www.zerohedge.com/article/will-silver-surge-following-nationalization-bolivias-silver-mines-president-evo-morales
See disclaimers in the side bar.
Disclosure: long mining equities, and looking for a re-entry point.
Thursday, April 14, 2011
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