Wednesday, March 9, 2011

Took Profits in Silver and Crude Oil ETFs Today

I took profits in silver and crude oil ETFs today. We made a nice profit in a short time.

I believe the "Day of Rage" planned in Saudi Arabia on Friday will likely turn out to be a none event.  Saudi Arabia is not an Egypt or Libya. The Saudis are much wealthier and their tribal ties are much stronger.

Oil has been driven up by speculation and fear, not fundimentals. We now have no exposure to oil.

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