Wednesday 4 May 2011

Silver Crashing



I hope you have been following my notes in Silver.


Silver down close to 20% in the last week or so.


As I had said - parabolic moves collapse on their own weight.
We can see that in Silver.


Also extreme bullish sentiment - a one way trade - does not last too long.


My Silver targets are 


$30
$20
$10
$8


Finally.


This is a medium to long term forecast.


I will not buy until we see this.


Also note extreme pessimism on USD.
This is a clear signal to stay long USD.
Which also means short or away from risky assets.





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