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AGQ - Best Silver ETF 2x Double Long Silver $AGQ
ProShares Ultra Silver (AGQ) is below $53 in pre market this morning so I placed a buy and got filled. I think it is time to take another look at the best silver ETF you can buy right, AGQ.
AGQ offers 2x leverage on the price of silver but on a daily performance rate. AGQ tends to underperform silver on the way down, and outperform silver on the way up. We recently saw this when AGQ blasted above $70 to hit $75 when Silver was trading around $37. These volatile swings can make you big profits if you have some patience.
I like Silver between $30-$32 so this is why I bought AGQ. The stock will have resistance at $55.27 and should see a bounce on a close above that level. Support on the downside is around $50.
Tags: 2012, 2x, agq, bull, buy, double, etf, forum, long, silver, More…
Views: 8560
Replies to This Discussion
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Permalink Reply by Stocks To Buy on -
Keep some capital incase this rolls over hard due to the China PMI data. Hard landing in China could mean a lot lower for AGQ. However, we all know this will rally hard at some point this year. $45-$50 has been solid support for AGQ
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Permalink Reply by Tony Montreal on -
Thanks for the great advice Tim. I averaged down and bought more in 51.30 and sold it just right now into the rally up to 52.50 for a large 1000 shares position and made some good profit.
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Permalink Reply by Stocks To Buy on
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Keep trying to do this, I think it will pay off. But if we get into the afternoon and you sense the market could drop tomorrow....go into cash and try to buy the gap down tomorrow.
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Permalink Reply by Stocks To Buy on
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Gold and Silver are at session highs, maybe a bottom has formed today
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Permalink Reply by Stocks To Buy on
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AGQ is up to $52.30 in after hours. Seems like we might have a good day tomorrow. I am very happy with my purchase today. I will be even more happier with sub $50 but Silver seems to have a nice floor between $30-$31
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Permalink Reply by Stocks To Buy on
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AGQ was just $75 a month ago....I would say it is low based on the chart. However, we may end up testing $45-$50 if we see the stock market correct more. AGQ might gap up to $53 tomorrow morning based on the silver futures rising.
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Permalink Reply by joe on
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I'm going to see what goes on with the market tomorrow .. see if this correction continues or what
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Permalink Reply by Stocks To Buy on
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AGQ trading in a tight range today - $52-$53
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Permalink Reply by James Bond on -
Hey tim-- are you buying today? Are you adding to your position in any of your stocks or waiting to see what happens?
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