GLD -5 min, obviously gold and
silver have been smacked today nicely. However 60 stochastics
has been below 80% all do too, so perhaps tomorrow morning we'll
see a small bounce back as Stochastic may be due for some
recycling
My recollection was that if silver retested 26, which it touched
in Sept, you thought it could represent a buying opportunity for a
longer term hold. Are you still holding to that, or are you
favoring more downside and then looking for an objective entry
(falling wedge breakout, or something)
I will be back in 3 - 4 hrs, I'll talk about silver tonight,
look at my long term charts posted earlier today.
Also silver did provide a bounce off that 26ish area we talked
about back in Aug, bounced up to almost 35, so was a nice trade
that worked out. Now have to re-examine if the longer term
supports will be tested instead, which are low, again see my charts
from earlier today and a couple weeks ago in commodity
newsletter
otherwise I have to go
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GLD and SLV 5 min views
Posted by matt on 28th of Dec 2011 at 03:39 pm
GLD -5 min, obviously gold and silver have been smacked today nicely. However 60 stochastics has been below 80% all do too, so perhaps tomorrow morning we'll see a small bounce back as Stochastic may be due for some recycling
SLV 5 min
SLV
Posted by mfogli1 on 28th of Dec 2011 at 04:04 pm
My recollection was that if silver retested 26, which it touched in Sept, you thought it could represent a buying opportunity for a longer term hold. Are you still holding to that, or are you favoring more downside and then looking for an objective entry (falling wedge breakout, or something)
I will be back in
Posted by matt on 28th of Dec 2011 at 04:08 pm
I will be back in 3 - 4 hrs, I'll talk about silver tonight, look at my long term charts posted earlier today.
Also silver did provide a bounce off that 26ish area we talked about back in Aug, bounced up to almost 35, so was a nice trade that worked out. Now have to re-examine if the longer term supports will be tested instead, which are low, again see my charts from earlier today and a couple weeks ago in commodity newsletter
otherwise I have to go