Leclaireur
Long

SLV - Bounce off falling wedge success

AMEX:SLV   ISHARES SILVER TRUST
Could possibly be bullish!
I agree, it could very well go back to 10$ as it did in 2009 as it broke this major support level.
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2use Leclaireur
The it goes down with gold as well....then it means stocks go higher? and its quite subjective they will be running that far - i doubt slv will end up at 10 that fast as well
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Stocks and precious metals were falling in 2008, that's what I see coming...
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2use Leclaireur
Did they start the fall before the stocks? Or followed suit? We're all been waiting for a drop this year - news are all ringing bells whole year. But so far stocks went higher, metals went lower
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Exactly! Metals fell first a month or 2 beurre.
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Leclaireur Leclaireur
Before*
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SLV has been used for trading..but now..it's almost to the point of being a legitimate investment for the long run. Not yet though.
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After downing 10% from 20 and testing that support so many times...could very well be bearish
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10$ is coming it seems...
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