the reason i’m staying out of the SLV trade, is that the FEDERAL reserve wants to control the volatility on SLV…DON’T FIGHT THE FED…they probably need silver to be at a stable price because of all the electronics manufacturing.
Well gang… the volume was low on today’s sell off. I think we’ll bounce back up tomorrow. Looks like we finally broke the rising wedge, and could be forming a channel?
GLD has different fundamentals, than SLV, GLD is beginning to price in JAPAN QE3–this is a 1650 target price.
the reason i’m staying out of the SLV trade, is that the FEDERAL reserve wants to control the volatility on SLV…DON’T FIGHT THE FED…they probably need silver to be at a stable price because of all the electronics manufacturing.
today’s market action suggests to me, we will trade sideways thru MAY…12,850, is a short sell signal, until proven wrong
Well gang… the volume was low on today’s sell off. I think we’ll bounce back up tomorrow. Looks like we finally broke the rising wedge, and could be forming a channel?
It might have some more downside to come?
Pullback in IWM as I predicted.
May 11th earthquake in Taiwan?
http://beforeitsnews.com/story/602/778/Magnitude_-14_quake_or_fraud.html
LEO
For a Silver Bull Hour looks weak, Day looks better, Week looks strong : http://niftychartsandpatterns.blogspot.com/2011/05/silver-week-day-and-hour-chart.html
Yes, it’s an old video, but still important. Remember the gangsters aren’t done with Japan. They will try again I believe.
Indeed! That video was made a month and a half ago, wonder if they have it reasonably contained by now.