FWP,Although I mentioned SLR at $1.25 ( in an unlikely scenario...

FWP,

Although I mentioned SLR at $1.25 ( in an unlikely scenario ) I am not predicting that SLR will hit that area. In fact I have no idea where the short term price of SLR will go. It could be down or up , who knows.

I think everyone knew today would be down for obvious reasons.

As stated its hard to get any accurate read with our market these days, especially GOLD.

I still think that GOLD will bounce back ( the world has too much debt for it not to ) but the timing is the key here.

I think if you trade for the long term then SLR is a buy at these levels. I was prepared to buy at $2.40 and even as low as $2.05 but held off as GOLD and SLR was just taking a pounding.

I'm watching very closely.