Monday, November 29, 2010

Bookkeeping: Buying Some Silver via Ultra Silver (AGQ)

Why not buy the best performing ETF of the year - it's like buying Netflix (NFLX) after a multi hundred percent run; everyone is doing it.    I missed my limit purchase order on Silver Wheaton (SLW) by about 50 cents a week and a half ago (had an order waiting at $30) so I've been silver-less since.  

Therefore, I'll be going with the metal itself, and use Ultra Silver (AGQ) as a proxy for Silver ETF (SLV).  Silver just keeps running nicely along its 50 day on pullbacks.

Putting a 2% position on (will be closed Friday when I sell everything) ...

Long Ultra Silver in fund; no personal position


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