Originally Posted by AngelinIsRich08
No QE3 and SLV has not budged. WTF????? I thought owning SLV ETF's would offset my other losses. Guess not.
Metals and the general mkts move the same way...QE means weak dollar...weak dollar means hidden inflation , which ultimately means asset prices must go up, including metals....so no QE3 means strong dollar(look at the USD today up big) which means the metals will get crushed along with the general mkts.
If you want to hedge long positions, either buy deep in the money SPY puts or ZSL, which is a double inverse short silver etf.