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.
everything is an asset which
All my charts are saying bottom, bottom, bottom for ZSL. ...
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???