Yep, hard to believe...and I'm all in now with an ave of 16.60..thinking that I was smart buying my last 100s at 16.32...cripes....where's it goin? Wish I had more money.
Wow, I'm actually ahead by about $500 unrealized on silver overall with my current average. Interestingly, I'm down $300 in my taxable account for the deduction (or offset other gains) and up $800 in my Roth IRA. Tax advantaged strategy executed perfectly if this pans out. Basically a backdoor way of transferring funds from the taxable account to the non-taxable.
Yeah...well, I'm way down on USLV and its annoying not to have had powder to buy at these very attractive prices....holding the bag!
I have just today transferred another $20k of my IRA money to my brokerage IRA account expressly for a situation where the bottom really falls out and the downside risk vs upside potential is really working in my favor.
Gosh...if I just didn't have this SLVR anchor around my neck, I could be enjoying this ride down in UWTI... ;-) Know nothing about silver, so I have no idea what may happen. My only heartening thought is that it is near its low for year....but, it is a $13 product and has plenty of downside....