Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Overnight the CME announced a margin increase one week after their inital 30% margin boost. I expected the silver market to be down hard at the open, but it initially shrugged it off. Then silver (I watch SLV and AGQ) fell to fill their gaps and to touch upward sloping trendlines. Also looking at the 60 minute RSI, I concluded it was a good place to buy back into AGQ. If SLV breaks 24.11, then we are going down to test the strong support indicated by the gray bar and I will go short.
But I feel a ST bottom is in, silver is looking to be in strong hands.
Today was the best day I've had in a long, long, looooooooooooooooooooong time.
I'm really exhausted, so I'm going to rest a bit and leave you this comment cleaner. I think I'll probably do a video for later today. Be sure to exercise your mouse-clicking finger.