The day’s analysis took place with most of the vehicles tracked and traded by Rick’s Picks in limbo relative to bullish and bearish “trigger” thresholds I’d identified previously. We looked at the by-now astounding bear rally in the broad averages, finding a minor rally target that seemed all but certain to be achieved. Gold and Silver, while bullish, looked unpromising for trades that day, but we identified benchmarks in each that would raise our level of enthusiasm if achieved. Finally, in connection with a position we hold in Silver Wheaton, we delved into the art and science of trading options on the stock.
