Joined Apr 1, 2010
8,861 Blog Posts
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What was your comment on SLV?
Big move coming soon. Been coiled for too long now. Watch it closely as I believe it will be important gauge of the “de” or “re”-flation trade coming back on.
Great work as always sir. Ive been watching silver closely…imo it looks like it has another leg lower but we shall see.
Always appreciate your commentary. I would not be surprised to see the S&P bounce off of the 50 DMA since it tore through it pretty easily last week.
As for silver, good point about the “de” or “re”, and suspect you’re right about it being coiled. Peter Brandt has been on top of silver this year, and believes it will trade down to $15 to $19 (and gets plenty of hate mail), but this could also be accumulation. Maybe options?
Thanks Chess.
Thanks for all the help. I’m holding physical silver and am a little uneasy to hold over the next month. Can anyone comment on what they would do if they were holding and be detailed.
I might try to hold on for a few weeks, but hearing others comment that they see a sub $20 range, freaks me out. Maybe I should cut my losses since they are small at the moment…? I’d be willing to hold until next year but only if levels return to $40 ounce. Thanks again Chess, great posts.