Nothing negative at all to report on the chart for Silver ETF (SLV) which is the underlying instrument for Ultra Silver (AGQ)... I am simply going to take 1/5th off here as a function of taking profits as they come. I continue to be a fan over the long run and since I am overweight silver v gold, silver will be sold. I am selling around $70.50.
From here, most likely every $2 or so on the ETF I'll sell increments, until a target of $80 if and when. At that point parabolic would be well entrenched.
Long Ultra Silver in fund; no personal position