Silver

It looks like silver may have consolidated near $16.  I'm thinking about going long.  Still undecided right now.  It hit the Bolinger Band, but I don't like seeing lower highs and lower lows for going long just yet.  At the same time, I don't feel comfortable shorting anything unless I'm hedged with a long call option.  I am not a huge fan of options, though.  Several weeks ago, I outlined my options strategy.  At the time, silver was around $17 - just below - and then went up to near $19 before turning right around (presently near $16).  So far, my strategy has worked like a beauty.  I haven't really traded the grains, even though the grains look like they are on sale to me.  Smart money that recognizes the end of the post-Bretton Woods fiat dollar standard goes into the metals first. http://www.webcommentary.com/php/ShowArticle.php?id=andersonm&date=091223