Commodities Essential - November 10, 2011

Alert: copper and silver should break now. 


But let’s keep things tight and adjust our stop-losses…


 


Copper and silver are breaking lower; the move should continue at least a little further. This presents a good opportunity to reduce our open risk by adjusting our stop-loss on ZSL (PowerShares Silver Double Short ETN)  and BOM (PowerShares Base Metals Double Short ETN)


 


Trade Essentials.


 


ZSL (Last Price: $11.82)


 


CANCEL AND REPLACE your order to SELL ALL your shares of PowerShares Silver Double Short ETN, symbol ZSL, at $10.00, STOP. NEW PRICE: $10.50, STOP; this order is good till cancelled.


 


BOM (Last Price: $14.16)


 


CANCEL AND REPLACE your order to SELL ALL your shares of PowerShares Base Metals Double Short ETN, symbol BOM, at $12.00, STOP. NEW PRICE: $13.00, STOP; this order is good till cancelled.