Get your horse.  Silver appears to be breaking out.  We will be adding on to our position today.

As for the euro it might have appeared from our last letter on the euro that we were both long and short.  To make it clear, long term trend followers would still be short because of the Basing Point lurking up there, but we think a trading approach is in order here, and that slower traders should be sideways.  Quick triggers with very short term time frames would be long.