Silver ETF (SLV)

Do you think SLV is a sound invetment? (Poll As of October 13, 2009)

  • See u @ $5.00

    Votes: 2 2.7%

  • See u @ $250.00

    Votes: 6 8.1%
  • Total voters
    74
^xau
GOLD/Silver Ratio
Seems prepairing for a major drop in aug 2007
Maybe from 160 for a year after that to 85 area
Till Aug 2007 I think they are buying it maybe from 125
 
if this plays out like the last two times ... we go higher before

trending lower ... however if this week the USD + OIL + GOLD come down hard you might see the SLV come down even harder

interesting to see that on the weekly charts each time SLV has come off ... the percentage has been lower than prior downmoves in this so maybe just maybe ... support is
now 130 - 135 on any move down
 
Quote from SethArb:

if this plays out like the last two times ... we go higher before

trending lower ... however if this week the USD + OIL + GOLD come down hard you might see the SLV come down even harder

interesting to see that on the weekly charts each time SLV has come off ... the percentage has been lower than prior downmoves in this so maybe just maybe ... support is
now 130 - 135 on any move down
More...

ascending triangle confirms a high possibility of a good short term breakout, I am all excited to see how it plays out, I won't be participating in any short term trading of silver, I think it will be extremely volatile around $150 ($15)
 
wow ... looks like a "oops" opening

in SLV today come on now ... are they really going to let the sub
142 , 141 , 140 , 139 prints stand ?

wish I was logged into my acct then to "cash" in

:p
 
yeah I saw SLV trading in the 138s this morning on the streamer and was just about to buy it when it "corrected" itself. But a lot of other ETFs had problems in the first half hour of trading today. Look at charts of EWS and EWM for example. I was able to take advantage of this on EWS by buying at 10.90 this morning (sold later at 11.6).
 
I think we are getting into "oversold" area if we are not already

but if everyone next week is still yelling "sell"

or if the "BOTS" go crAzy with sell signals or sense "blood"
in the streets from any overleveraged longs ...

:eek:
 
price at weekly ma & recent lows remain as support, I sense a lot more volatility when price starts breaking $150/$15.
 
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