ZSL

Gainers: Real Estate Bear 3X Direxion (DRV) +8.1%.Ultrashort Silver Proshares (ZSL) +7.9%.Microsectors -3X U.S. Big Oil Index ETN (NRGD) +6.8%.Junior Gold Mine Bear 3X Direxion (JDST) +5.8%.FTSE China Bull 3X Direxion (YINN) +5.4%.Losers: Breakwave Dry Bulk Shipping

Silver dramatically outpaced other assets in Q3.Silver stock investors have been loyal, holding even through price declines.Any near-term weakness is likely short-lived.  Buy on weakness and hold through renewed strength.

The dollar index heads lower- Q4 can be a rough period for precious metals. A rough September, but another bullish quarter. The first October surprise and the stimulus saga. Three reasons for higher gold and silver prices in 2021. Buying the dip using GDXJ and SILJ.

Silver ETF selling is mounting. Since silver’s parabolic surge driven by massive capital inflows from differential SLV share buying peaked, this dominant silver ETF’s holdings have been falling on balance.That reveals American stock traders are exiting silver, selling SLV shares faster than silver is being sold. With SLV’s holdings remaining super-high, they could have much more yet to do.This potential silver ETF selling overhang is a big downside risk for silver. With silver’s high consolidation failing into a correction, downside momentum will accelerate. That will scare SLV shareholders into dumping shares.

Precious metals move 14.30% higher in Q3. Silver leads the way on the upside for the second consecutive quarter with a better than 26% gain for the three months. Gold continues to march higher with an over 4.8% price increase in Q3. Platinum rallies by over 7% over the past three months. Palladium moves almost 18.5% higher.

Leveraged ETFs sometimes have an unpredictable behavior.An illustration with 22 ETFs tracking various indexes.A closer look at SPXU.

Spoofing and RICO charges disappear- The practice will continue.Silver’s volatility continues.A wild wide for the years to come.I believe silver will reach a new record high by 2023.A palladium and rhodium model for the silver market- SIL will rise with silver.

Gainers: Ultrashort Silver Proshares (ZSL) +32.6%.Microsectors -3X U.S. Big Oil Index ETN (NRGD) +29.9%.S&P Oil & Gas Expl Bear 3X Direxion (DRIP) +22.10%.Junior Gold Mine Bear 3X Direxion (JDST) +21.4%.Energy Bear 2X Direxion