Browse Symbol Stacks: $SILVER: Silver daily 2.9.14sc.png

Silver daily 2.9.14sc.png

Just an update on my view of silver (and gold is the same). Personally I think there is a good chance the last major high around $50 was on the top of a third wave up (33). If so we likely are forming a prolonged triangle before a last burst up. AA of that triangle is likely formed and now we are starting BB up. IFFF labeling is correct we are likely to soon get a pretty good run to about 30. We'll see. Good luck trading. Tom B

Comments

TombTomb
If you use ETFs: bull for silver is 1x: SLV, 2x: AGQ, 3x: USLV. 2/9/14
TombTomb
Also it seems to me a close > 20.67 would be a good indicator c is started. 2/9/14
tres cool™tres cool™
wouldn't use a leveraged ETF except for a short term play- a day or two 2/9/14
TombTomb
Tres-cool: thanks for the comment. There is a time decay factor to consider when using leveraged ETFs. But it is not so severe at 1 or two days. A month or two I would agree. Take care. 2/9/14
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