"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Monday, October 26, 2009

SLV

It is not just the financials, real estate and China I would like to see tank. Silver, the precious metal I have little belief in other than as a speculative vehicle, is taking the hit today too. Finally.

There's a 60 minute chart of SLV showing a gap and some support. Let's see what happens. Nice impulse tankage today I must say.

I have a few silver coins hanging around to barter with for bread in case of the elusive hyperinflation, but I am no sincere believer in the poor man's gold.