$50 here it comes.
Hope you're right.
$50 here it comes.
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Pullback in SLV this morning. One last chance for folks to get on the train? I hold a huge amount and I'm adding more on this one.
"When asked if my cup is half full or half empty, my only response is that I am thankful I have a cup." -Sam Lefkowitz
Here is a chart with a big hammer at the top.
http://stockcharts.com/h-sc/ui?s=SLV...d=p09895006750
http://finance.yahoo.com/echarts?s=S...urce=undefined
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
Thar she goes! (down)
It will be interesting to see if this really will start the leg down in silver or if it is Da Boyz blowing out the little guys' stops.
I'm still holding silver (SLV).
"When asked if my cup is half full or half empty, my only response is that I am thankful I have a cup." -Sam Lefkowitz
Im staying in... I expect a massive turn around at around 1pm
Sold my AGQ yesterday after seeing some down after hours action but kept a little SLV as a hedge...so far so good. Don't know if this was the sign I was looking for to indicate a correction, but I've been waiting for something to happen for awhile now. Kinda hoping it drops another 5%-10% over the next week so I can buy more paper AND physical at a discount. If this is just a small burp and it heads right back up I think I'll wait til it passes the psychological $50 barrier then jump back in for the rest of the ride.
I've got a subscription at the Mint for it's silver eagles but they've been on hold since about $30 oz. Hope they issue soon before it goes above $50 (and it will go above $50)!
Strong support just under $40 - could be the target for a pullback.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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