Forex Short Silver?

[pailin]

Re: this chart - http://www.brotherjohnf.com/wp-content/u...UYSTOP.jpg

The paper market gives buy and sell signals through moving averages and lines of support and resistance. I've been following you for quite a while and you've proven to me to have a pretty good grasp on short and mid terms signals. (Long term - we're all waiting for that $1000 silver day!)

What many do not understand is that a buy signal in a down trend chart is also a short covering signal. Likewise a sell signal in an uptrend chart is also a fresh short signal. As long as the paper markets rule spot, paper shorting will occur but does not have to be the enemy.

Are you playing forex or another paper vehicle short on a regular basis? If not, I suggest looking into it. Since we're all long physical silver, shorting paper silver is effectively a covered short. Shorting forex silver using obvious stops at major resistance is a great way to put your chart skills to profitable use, hedge your stack, and also generate further capital to purchase deeper stock on dips that test but bounce back off major support.