$ Silver $

[SethArb]

thanks for the info daddyeaux

wow optionpro ... I did not realize silver prices

in 1982- 1983 had such a wild ride ... I will have to look
at the charts for gold in those years too now

 

[Optionpro007]

As per your pm Seth, here is SI 1973-present quarterly.

 

[polpolik]

While I don't trade silver, that last candle stick "tick" looks quite ominous.

 

[SethArb]

ouch ... those were some nutty weeks

for anyone trading silver in the late 70's-early 80's

thanks optionpro ...

 

[duard]

Silver's down nearly 30 % since the peak. Where's the bottom?

 

[2cents]

bear phase... no bottom in sight until the end of japan's rate cycle... get used to looking at these charts upside down if your not comfortable shorting...

 

[romik]

Quote from duard:

Silver's down nearly 30 % since the peak. Where's the bottom?

look out for a bullish divergence on hourly and daily charts.

 

[SethArb]

nice call ... what divergence macd or some other indicator ?

 

[2cents]

don't rejoyce just yet young man... day ain't over yet... metals coming under pressure... see what happens after ldn close...

 

[romik]

try macd/histogram paired with rsi perhaps, the current sell cycle could have been seen in macd/histogram daily bearish divergence, which was not great, though still took place. Same could be expected at the time of reversal.

EDIT: Serth, I think you misunderstood me, I did not make a call, I simply said that the bottom can be marked by a bullish divergence, which has not happened yet.