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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Ketchup for Silver Bulls?

chessNwine Wed Feb 12, 2014 10:26am EST 3 Comments

We know that silver has been lagging gold and especially the precious metals miners of late.

Updating the daily chart for the silver ETF, below, this morning’s strength behooves us to consider the question of whether silver now plays catch-up and confirms the bottoming pattern I have outlined.

I sold down most of my levered long gold yesterday, but am now stalking a silver long if this pop holds.

A move up through $19.70 which holds is key.

Also keep an eye on coffee, JO, once again.

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SLV

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3 comments

  1. mickeyrobbie
    mickeyrobbie
    February 12, 2014 at 10:46 am

    Thanks Chess!

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  2. THE_WOLF
    THE_WOLF
    February 12, 2014 at 11:51 am

    my fav play !
    thanks Chess

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