This could be setting up one of my best buying risk/reward situations–like the day gold was up or down a buck all day and JNUG briefly printed DOWN 12%…I won’t wait for that –with gold up 3 or 4 and the $ down .375, I’ll probably bites if JNUG’d down 3 to 5 percent..I wait and watch–
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a reminder=this friday the SLV april 20th 15.50–16 & 16.50 calls PER-spire–there are an incredible 110,000 calls of open interest–maybe much more by thursday–efforts will be made to shut them out…or we could get the “mother of all short squeezes”