SLV buying opportunity?

[murray t turtle]

Quote from shortie:

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

Which way is the trend now?

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Short-Trend
Great long term uptrend$-like 'em[silver, gold....]

Frankly gold,GLD is a much better uptrend, most time frames;
but SLV,silver still looks mostly real bearish. except for the long term uptrend.
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[glenviewcap]

i am long GDX short SIL, long gld short SLV

 

[Rehoboth]

http://www.sharelynx.com/chartsfixed/600yearsilvera.gif

Have Fun!

 

[FXTradingPips]

Careful with overnight gaps on SLV, check out 5/2/11, the gap doesn't always fill. Looks like SLV wants to head higher for now.

 

[econometrics]

i am a seller of SLV

 

[ksmetana]

Silver will not make new highs, be careful please

It is a hope trade and nothing more

OMG gold at high silver should be @ high omg opportunity yes ! feed me $$$$$$$$$$$$$$$

silver ain't gold, take profits quickly..... sell to the morons

 

[murray t turtle]

Quote from econometrics:

i am a seller of SLV

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It [silver, SLV ], does look bearish on [downsloping]50 day moving average,
weaker buy volume.Gold ,GLD looks like a better uptrend.

Actually tried to buy some some silver today, but the silver dealer was so bullish we never could agree on a price, so that is also bearish short term. Long term trend looks fine for silver uptrend.

 

[econometrics]

i am pretty short SLV, long GLD/SIL...just because SLV has been outperforming GLD & SIL by a far margin, hoping the performance will converge soon. got burned today though.

 

[econometrics]

GLD - SLV

 

[econometrics]

SLV vs SIL