I already have shorts. How low do you think it will fall before a more significant retracement begins?
I would be careful with leveraged shorts and make sure you can ride out moves like we have seen this morning (Mon 5th Dec) as a result of Italian referendum. My approach is to wait for over bought or over sold scenarios and play those, get in and out in a matter of 2-6 hours and do not sit on them overnight.
Still it is interesting, the commentators I listen to have all change from bullish views to bearish in the last month. So it looks like Harry Dent potentially made the right call!?
I just got in on a silver short trade, probably silly timing, however not going to be a long term position.