Julius2014
Long

Long positions for silver?

COMEX:SI1!   Silver Futures
43 2 2
Analysts have started talking about silver             for hours on end. As a rule, I do not pay attention to such stuff. But this time I got interested in the fact that silver             came under the spotlight. Fortunately, I have a graph at hand dated 1968. Unlike gold             , the path of silver             was not a bed of roses. No steady 50-year rising trends can be found here. While there is a rising trend of 2001, and the gauge has recently been over there. Meanwhile, it was dangerous to buy with such a prominent trend, given there was a falling trend of 2011. This falling trend has wavered, opening the way toward USD 22-23 target. If only we could guess where the safest stop loss is, it would be a nice long position. But so far, a stop loss is almost similar to the take profit order. This is no good.
But there is always a way out – to open a long position and put a stop loss like risk to capital or to wait for correction at least to USD 15.
Have your say and vote for my forecast at the link: http://s30037364671.whotrades.com/blog/43463826893
I'm tracking silver in a down trend as well. My current silver position is short to about 15.38'ish. Barring any large scale global event, I see silver heading here in the short term.
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CharlesEdgewood CharlesEdgewood
 
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