The spot price of Silver is now reaching an area of considerable support.
The near term “five month fall” from 19.50 – some 20% drop…now looking like a great place to start thinking about buying.
spot_silver_chart
Start “thinking about buying” – not taking out a second mortgage and going all in (this would be ridiculous) as you can’t really argue with the chart. If you’ve been patiently waiting (as I have ) to see the precious metals not only bottom….but actually start moving higher….you can’t argue with the chart.
Maybe 15 bucks is the low, who can say for certain but the “area of price” is starting to look attractive for longer term buy and hold on Silver.
It’s boring I know. ” Hey guys I just picked up some silver, and it hasn’t moved in price forever!” – Nice work Kong. You really rocked that silver trade.
Gimme a break………
Take it for what it is….as you’re too lazy to pull the chart yourselves, just sitting and waiting for your broker to call you. Stick it. He’s too busy counting his commissions.
Spot Silver opportunity – something to be aware of.
I think it is a good spot too. Short the SLW 18 puts for December.
I think EUR/USD is a good long for the coming week as well.
Good luck!
Hey Kong!
Think they gonna be raising interest rates today?
What are your thoughts?
I think that this rate hike is already very priced in, and that it will likely be a “sell on the news” type thing.