Silver the Trickster

TVC:SILVER   CFDs on Silver (US$ / OZ)
Silver is doing its best to keep us all guessing as to what it is going to do next. For me it went down instead of up over the time period expected, and then it missed my downside target by ten cents on the upside, only going down to 15 rather than 14.90. I’m an Investor, not a chaser, so it didn’t get my money. Talk about Tricky though!

With the authoritative price move up off of 15, the trend is definitely back up. Under that thesis, we should next see a powerful, authoritative wave upwards to challenge the a-wave top from over a year ago.

The precious metals are not displaying strength here. It would be fair to say that they are still being properly manipulated by the Bullion Banks, so don’t expect prices to go to the Moon… In fact, if we don’t get that authoritative move upwards, expect the look out below scenario.
Jul 01
Trade active: What a laggard! I added to positions at 14.30 and am still long.

Should catch up to Gold longer term, if Gold does make a run to new highs. This is a hated asset with incredible fundamentals that will do well eventually. So I park money in this asset and don't worry about it. Good Buy and Hold candidate.
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