Posted by oldtrader on 22nd of Apr 2011 at 12:09 pm
SLV has another 40 plus points before it crashes and burns,
remember those who said housing couldn't go higher and that was 2
to 3 years before it finally crashed. Silver is going higher than
most people think it will go.
everything is an asset which means it will be bubble at the end
of the day. No doubt Silver will go higher but needs to cool off
first before running into next leg up.
Its up over 50% YTD...and right now 20pts away from 200d which
is extreme divergence. $gold:$silver is at extreme lows never seen
which makes silver overbought here. $silver is at 90+ RSI which is
also an extreme overbought state and corrections may be short lived
but could be large $5-7 down move.
ZSL
All my charts are saying bottom, bottom, bottom for ZSL. ...
Posted by oldtrader on 22nd of Apr 2011 at 12:09 pm
SLV has another 40 plus points before it crashes and burns, remember those who said housing couldn't go higher and that was 2 to 3 years before it finally crashed. Silver is going higher than most people think it will go.
LOL!!! Comparing housing to physical
Posted by jtverr on 22nd of Apr 2011 at 12:12 pm
LOL!!! Comparing housing to physical silver? What a joke.
everything is an asset which
Posted by coold on 22nd of Apr 2011 at 12:17 pm
everything is an asset which means it will be bubble at the end of the day. No doubt Silver will go higher but needs to cool off first before running into next leg up.
Its up over 50% YTD...and right now 20pts away from 200d which is extreme divergence. $gold:$silver is at extreme lows never seen which makes silver overbought here. $silver is at 90+ RSI which is also an extreme overbought state and corrections may be short lived but could be large $5-7 down move.
SLV bubble
Posted by sbwoman on 22nd of Apr 2011 at 04:18 pm
Don't you think it will drop by more than $5-7, more like $15-20???