Flash Alert - May 4, 2011

Alert: Silver Tanked and ZSL is Up 35%

Take Profits Now.

Silver is down big this week. It has moved down toward $40 which was an initial target of mine. Excluding commissions and fees, our recent addition in ZSL (ProShares UltraShort Silver ETF) has gained nearly 35% from my estimated entry of $13.25 last Thursday (4/28).

Let’s exit this position in ZSL and bank these gains now. 


Trade Essentials.

 ZSL (Last Price: $17.94)

SELL ALL your shares of ProShares UltraShort Silver ETF, symbol ZSL, at the market. Cancel any remaining stop-loss orders.