horse

Bigbigt - Thanks for the reassurance With Silver up 13+% today, I should hopefully be up 26% with the leveraging, but tomorrow I'll be transfering into the unleveraged physically backed fund you mention or maybe even cashing them in for the real thing. If the $60 trillion credit derivitive market unravels, then the fed's $85M is going to last about 2 nanoseconds. Cheers

Yes, I'm hoping they will start trading again tomorrow, I'm not sure how long that FED loan will last, especially with the big increase in gold and silver combined with a lot of people wanting to cash in their ETCs I should have really known better, I'd always planned on getting out of ETCs into physical when things started going really pear shaped, just hope I'll still have that option. We will see tomorrow!

As an avid reader of the gold thread on HPC and now on here, I'm writing my first post in a state of panic. Just checked my leveraged silver ETC expecting to find a huge increase and found all trading has been suspended. It transpires these are by not backed by physical, but by the ropey, teetering on the verse of bankrupty AIG! Anyone else got ETC's?