8:14 am (Hawaii) AGQ back below 117. Too much volatility here. I'll let time enter the equation and see what price holds for silver (and gold). BrotherJohnF had puts on AGQ this week and rode spot silver down from 40 to 35 based on Clive Manaud's wave theory analysis. Manaud was right. I simply didn't have the conviction of either of these guys, not with Helicopter Ben and the FOMC meeting this week. Did silver price tell us in advance that Bernanke was going to punt rather than print?
I tend to believe AGQ will get a dead-cat bounce sooner rather than later. Would I want to touch that? Probably not. Gold will be far more constant, not being industrialized at all. Beyond that, just watching here.