etfsandstuff

Silver

Long
etfsandstuff Zaktualizowano   
FX_IDC:XAGUSD   Srebro/Dolar USA
We have a correction going on now... let me interpret this for you... " WHO CARES" ... this simply means we are going higher.
Get ready for more gains in silver and gold. Get on board or miss the boat baby.

Komentarz:
Short term correction. Good place to add. Once we retake 17.10 trend will resume.
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also watch for gold to retake 1500, if this happens in conjunction with silver retaking 17.10 then we are back bullish.
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1500 gold retaken. 1509.27 is my breakout confirmation. Need to see silver break similar levels. Stocks are hinting we goin higher.
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Gold stopped in its tracks twice at my overhead resistance level. 3 times a charm?
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Silver flirting with 17.10. (level 1) , next will be 17.23 , then breakout ... me hopes :)
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Silver weekend update: I'm getting a lot of mixed signals on silver as of fridays close. Seeing weakness in many mining names, and strength in others but an overall feeling of indecision, could mean a selloff coming. I still believe we are in a correction and set to move higher but short term indecision could lead to a pullback. I have a wide array of mining shares so i moved to a neutral position buy buying an offsetting position in DUST into the close. It doesnt make sense to dump a pile of stocks and get hit by commissions on every one when i can simply move to neutral and ride it out , then close my short position as the trend resumes. The long term trend is strong and intact and i believe we are only at the beginning of W3 major. Best of luck trading!
Komentarz:
We've broken the downtrend channel ... have resistance at 17.16 and 17.30
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Correction almost over. Diamond continuation pattern. Mega bullish. I am repositioning for the next move up.
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Break res zone. Trend continuation is likely. ;)
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Here's what i think is going to happen next for silver. We are about to enter the parabolic phase ! We should continue to correct upwards to 18.80 level (significant resistance zone) then a sharp pullback to 18.40 area. After that if we break 18.80 again we will enter into a new accelerated phase of the bull market!
Exciting times for precious metals. I am also adding to my platinum and palladium positions here.
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