IvanLabrie
Long

XAGUSD: Buying silver now seems smart

FX:XAGUSD   Silver/U.S. Dollar
4 months ago
Although we have a considerable amount of longs still, the technicals suggest going long silver             is a smart thing to do.
I like the idea of buying until it takes off...follow the indications on chart.
The correction has matched the previous one, price range wise, but the timing doesn't match. We can estimate a target based on the previous rally, and on time at mode signals, and I think 23.25 is in the cards, if not higher on a very climactic blow off top (if and when we hit the monthly downtrend mode at around 30-33)

Good luck!

Ivan Labrie.

PS: Yes, I'm short $PAAS, covered half at 19.825, from 21 give or take, with stop at 21.60. I see it as a good hold, while we try to long SLV             or XAGUSD             , or Silver futures             . Risk 0.5% on each entry.
4 months ago
Comment: I'm holding longs via SLV calls and spreads, and a CFD / futures position. Stop loss wasn't hit, so I'll give it a chance. The position is in minimal loss and the day closed up, which I see as a sign of strength for silver here.
4 months ago
Comment: Holding for more upside.
3 months ago
Comment: Booked and reentered near the lows. See new post.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
Alex.Singletary
4 months ago
lets get it
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robus
4 months ago
little early, wait for 18.4, 17.8, 17.414
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entry 18.5
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IvanLabrie BernhardAnalytics
4 months ago
Great, I will join you very soon.
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xiiimik
4 months ago
Also seasonal agree with this idea http://www.seasonalcharts.com/classics_silber.html
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