Thursday, January 26, 2012

Time To Take Some Profits On This Silver Stock

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At the end of December 2011 Read Post, ITZ suggested entering Silver Wheaton SLW @ $27.50. Silver the commodity as well as Silver Wheaton have had a nice run in 4 weeks. ITZ highlighted silver as well as gold and crude oil yesterday, post the Fed decision to extend low interest rates until the end of 2014. LINK

With the run up in SLW, it would be prudent to take some money off the table here, perhaps a 1/4 position or sell some out-of-the-money call options.

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