SLV buying opportunity?

[trader3cnd]

@ $35 for me.

 

[shortie]

are you asking about silver as an investment? i think SLV right now only makes sense as a trading vehicle.

 

[hajimow]

SLV can go to $7 for the same reason that went to $50. Personally I believe it might stabilize around $22.

 

[murray t turtle]

Quote from hajimow:

SLV can go to $7 for the same reason that went to $50. Personally I believe it might stabilize around $22.

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Exactly...mo;
but $7 is MUCH less likely than your other #.

Thats a cash area for 1987 drop/downtrend ; very , very unlikely.

UNless you know somthing about SLV i dont

Long term SLV & more so Silver,looks great UP-trend;
short term the Chinese gov is probably LOL about thier panda bear on thier silver coin

 

[shortie]

SLV is an example how a momentum strategy works until suddenly it does not.

Which way is the trend now?

 

[Petsamo]

QE2 will expire in June. So, the dollar cannot continue its bear run. This should keep gold, silver, and oil from reaching new highs. I'd rather speculate in equities, which I expect will start its shallow bear run.

 

[dumb_mother]

QE2 will expire in June. So, the dollar cannot continue its bear run. This should keep gold, silver, and oil from reaching new highs. I'd rather speculate in equities, which I expect will start its deep bear run.

edited

 

[ElecEquity]

Quote from shortie:

SLV is an example how a momentum strategy works until suddenly it does not.

I disagree. If you have a plan for exiting your winners you would be long gone from this move a few days ago -- exiting some into strength prior to the roll.

 

[salvador90]

Quote from shortie:

SLV is an example how a momentum strategy works until suddenly it does not.

Which way is the trend now?

it's down.

I use momentum or trend following whatever you call it... im by no means a day trader.

I rerversed my longs to shorts at 44 usd more or less... did i know by then it would continue to go down? No in fact i thought i was going to pick the short term bottom... but it then continued and we're now at 35 !! Which is 21% lowwer than the entry.

I think momentum here worked just fine...

 

[salvador90]

Quote from ElecEquity:

I disagree. If you have a plan for exiting your winners you would be long gone from this move a few days ago -- exiting some into strength prior to the roll.

Exactly ... under 44 or so there was no excuse to still be in silver... just have a plan to exit the winners of course.