Silver had been resisted by the EMA 50 (blue dotted line) before its definitive breakout. I felt it could retrace all the way back to that line, given Ag's notorious volatility. I lost a little money being short silver against precious metals positions, but that's show biz. The hedge did its job I guess.
Just as you never let a silver bull pump you to frothy excess, you never stand in his way when he has that crazy look in his eye. :-)
It looks like Ag wants to hold the 200 day moving averages in a sign of relative strength.
http://www.biiwii.blogspot.com
http://www.biiwii.com/analysis.htm
Subscribe to NFTRH or
Subscribe to the free eLetter
Twitter: @BiiwiiNFTRH
Just as you never let a silver bull pump you to frothy excess, you never stand in his way when he has that crazy look in his eye. :-)
It looks like Ag wants to hold the 200 day moving averages in a sign of relative strength.
http://www.biiwii.blogspot.com
http://www.biiwii.com/analysis.htm
Subscribe to NFTRH or
Subscribe to the free eLetter
Twitter: @BiiwiiNFTRH
No comments:
Post a Comment