Friday, August 28, 2009

High Ho Silver!

Silver might react like a poor mans gold, as safe haven with inflationary worries and just fiat money worries in general.

But who the hell really knows, there are strong and reasoned opinions in both directions, and the advant of the silver ETF 2 years ago has changed the marketplace, now it's like UNG....a commodity that is actively gamed.

If you think you know it all, thats when you are going to get burned. If you feel a little lost, start counting waves and reviewing patterns, in mulitple timerframes, also review your MACD, and stochs, including slo stochs. Also check out the Gold to silver ratio, its important for many reasons, not just for making a play on silver.

OK, still lost? Well then keep your powder dry.

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Insightful and Useful Comment!