Update; Precious Metals

A post was made at the site with thoughts about any Ukraine inspired bullishness in the precious metals.  You know my stance by now.  I don’t like it.

In light of that, the NFTRH+ SLV trade is coming off today.  With SLV at 18.77 vs. the original post’s 18.40, it is slightly profitable.  I am taking a small profit on my calls and moving on.  This is purely because of what I think is external (and non fundamental) stimulus getting into the metals again.

As for the precious metals in general, nothing has changed.  There is the potential for a significant bottom to be made.  The process may extend over a year (assuming it began last June) before a bottom is confirmed.