Silver ETF (SLV)

[SethArb]

the following commentary is from the precious metals website kitco and although it pertains to silver futures it might as well pertain to SLV as it tracks the price of silver daily

www.kitco.com/ind/kilbach/jun282007.html

 

[LT701]

the saga of SLV

goes down when the market's down

goes down when the market's up

goes down when the dollar's down

goes down when the dollar's up

goes down when silver's down

goes down when silver's up

goes down when gold's down

goes down when gold's up

 

[LT701]

goes down when silver miners stocks up

does down when silver miners stocks down

goes down rain

goes down shine

goes down no matter fucking what

 

[moo]

Quote from LT701:

goes down no matter fucking what

Sounds like a bottom!

I wonder if anyone dares to be long silver after yesterday's crash. My guess is every trader has been stopped out, and every buy&holder has puked out. It's interesting to see what next week's COT report has to tell.

 

[thriftybob]

and it was down hard again, anyway.

IMO, it was the hedge funds puking their heavily leveraged holdings.

 

[moo]

Quote from moo:

Sounds like a bottom!

And bottom it was. Now both silver and gold are breaking out.

 

[romik]

Charts look promising

 

[romik]

Quote from Quark:

How about see you at $7?

Uniformly bullish sentiment usually does not equal continued progress to the upside. But, hey, it's probably all BS because this time it's different.

I hate to do this to you, but you were wrong BIG TIME!

 

[AKUMATOTENSHI]

I have unloaded most of my position and I wish I had it back. $20.00 does not seem unrealistic with the bull phase in commodities and the weak dollar. Still holding palladium though.

Akuma

 

[romik]

http://www.investmentrarities.com/11-06-07.html