$ Silver $

another article from a silver cheerleading site thats well worth a re-read http://silverstrategies.com/story.aspx?local=1&id=3029

fwiw, me lived in HK for 6 years and now in tokyo... been to china a dozen times since 95 and a reasonably keen observer... all the stories in the article are in fact true / representative of whats happening in china, except thats just the tip of the iceberg... moral of the story: despite all the current patting on the back, BoC ipo 'enthusiasm' etc, the staggering china credit bubble http://www.elitetrader.com/vb/showthread.php?s=&threadid=69236 WILL blast, and sooner rather than later imo... wonder what will become of commodities then...
 
looking well bearish still, it will be interesting to see at least a beginning of a reversal, I do not see it at the moment.
 
I would make a long call here towards $12-12.50 range based on a divergence between price and macd histogram on a daily chart, but as on previous occasions, I would not be trading it short-term due to the reasons I've stated before in which I happen to believe :)

For short-term traders I would say 12-12.50 is in the offering here with stop/s around 9.25-9.50
 
wow ... more nutty action in silver today

I would like to know who is "pushing"
the market when I fade them ?

( I did ok on my gold - silver spreads thank you )

:p
 
Quote from romik:

I would make a long call here towards $12-12.50 range based on a divergence between price and macd histogram on a daily chart, but as on previous occasions, I would not be trading it short-term due to the reasons I've stated before in which I happen to believe :)

For short-term traders I would say 12-12.50 is in the offering here with stop/s around 9.25-9.50
More...

forgot the chart
 

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