The technical chart for silver is not looking very
bullish in my estimation and points to one of two scenarios. Either
silver continues to be range-bound and consolidate within the $34 –
$38 channel for another few months or the fundamental conditions
mentioned in the previous paragraph create downward pressure and
silver tests support at its 200-day moving average around
$30. From Kitco.
SLV
Posted by rbreese on 14th of Jun 2011 at 02:19 pm
The technical chart for silver is not looking very bullish in my estimation and points to one of two scenarios. Either silver continues to be range-bound and consolidate within the $34 – $38 channel for another few months or the fundamental conditions mentioned in the previous paragraph create downward pressure and silver tests support at its 200-day moving average around $30. From Kitco.
What happened to our resident Silver Specialist? JTVRR???
Posted by zach06 on 14th of Jun 2011 at 02:20 pm
SLV
Posted by rbreese on 14th of Jun 2011 at 02:34 pm
Waiting for the August bottom then he may come back.
Benank's mike not working well....
Posted by racer999 on 14th of Jun 2011 at 02:38 pm
Benank's mike not working well.... perhaps now they can't even afford a good quality mike
good time for my internet to die!!
Posted by zach06 on 14th of Jun 2011 at 02:45 pm
That's what we have stops!!!