Opinions
Don Vialoux
HBP COMEX Silver Bull+ ETF
HZU-T
COMMENT
Jan 16, 2013
$5.330
Stock price when the opinion was issued
E.T.F.'s
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RISKY
HUZ is the Horizons ETF and which tracks the commodity, not silver stocks. HZU is the betapro 2x exposure to silver. These ETFs are very dangerous. They're for trading, not for buy and hold. He's not aware of a silver miner-based ETF in Canada. You could take a look at Sprott's suite of products.
E.T.F.'s
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Silver broke out on the charts yesterday. All 3 technical requirements for a Buy are there. Seasonal strength runs from beginning of January until usually 1st week in March. Resistance level is at around $6.50 and will probably have some difficulties. On this one, you use the seasonality and then you watch the technicals. 1) Is it in an upper trend? 2) Is it above the 20 day moving average? 3) Is it outperforming the TSE composite? Currently it meets all 3 requirements. As long as they are there, hang on but as soon as they are no longer there you get out. This is levered to the price so you could get hit pretty hard if things fall fast.