XAGUSD: Significantly high odds the bottom is in
Updating my views on Silver, I bot back today, at 14.163, a 55% position, using leverage naturally.
I'm also long Gold from 1214.81, after selling at 1220.82 recently.
Today's central bank action makes me think the rally in the dollar is over accross the board, as evidenced by technical charts of all FX pairs, and precious metals, as well as bonds.
Long term bullish on precious metals and miners.
Best of luck,
Ivan Labrie.
I'm also long Gold from 1214.81, after selling at 1220.82 recently.
Today's central bank action makes me think the rally in the dollar is over accross the board, as evidenced by technical charts of all FX pairs, and precious metals, as well as bonds.
Long term bullish on precious metals and miners.
Best of luck,
Ivan Labrie.
