"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

Thursday, January 20, 2011

SLV breaks the neck line & fails support - 60 min. chart

For those keeping score at home... how does the supply/demand, 'silver is cheap relative to gold' hype sound right about now?  I reduced my short exposure but the technicals say silver is going lower short term, possibly after a test of the breakdown.  Silver is not gold is not copper is not tin.  See?  Silver will go up at whatever time the speculative spirits get stirred up again, and not until.  http://www.biiwii.blogspot.com