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« Ur-Energy to Expand Drilling Programme | Main | Uranium: Queensland confirms Mining Ban »

Silver Futures Spread Bet brings 100% profit

On the 20th August we signalled to all our readers of The Silver Prices Newsletter that there was a short term trading opportunity in silver as silver prices had fallen considerably and it appeared like a great buying opportunity for us.

Just moments ago, the silver futures prices moved up to where we had placed a sell order at $13.15/ounce on silver futures contracts for December. This means our silver trade has closed with 100% profit in 30 days, a trade with are extremely pleased with.

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Reader Comments (2)

Congratulations, but what has this to do with Uranium / why is this placed on a U blog ?

September 19, 2007 | Unregistered CommenterMyKel

Our readers do ask from time to time if we ever invest in the futures market. Well we have not done so with uranium stocks but we saw an opportunity in silver to make a profit on a short-term trade. We did this via a spread bet rather than a futures contract. The spread provides limited risk as the most we can lose is the stake and it is also tax fee.

Some of our readers are traders and find our usual investment ideas regarding uranium stocks a little 'slow' for them.

September 22, 2007 | Unregistered CommenterUranium Stocks

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