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Michael Michaud
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Michael Michaud is the founder of Invest2Success.com (http://www.invest2success.com/) and the Invest2Success Blog (http://invest2success.blogspot.com/). He has been investing and trading in the financial markets since 1989. He founded Invest2Success.com to empower individual institutional... More
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  • What Will Silver Do Next? 0 comments
    Jun 3, 2013 7:58 PM | about stocks: GLD, SLV

    What Will Silver Do Next? by By Market Authority

    I find it funny how so many "traders" thought silver would run from $32 to $50…

    I find it funnier that those same "traders" tell us, "It's a good thing silver dropped. We can buy more on the cheap."

    Bottom line - they were wrong. And they can't handle it. They screwed their readers out of thousands of dollars on a poor "guess."

    Instead of saying, "we screwed up," they try to sweep it under the rug.

    Meanwhile, I was one of few traders that told you to ignore bullish calls at $32 ounce silver. I said it was heading lower. And it did.

    What silver will do next is any one's best guess…

    But I have a pretty good idea based on COT data…

    This chart represents Commitment of Traders (NYSE:COT) data for silver…

    And if you understand what it now tells us, you know what to do…

    If not, we reveal exactly what it says - and how to trade it - in the latest issue of Fast Money Trader.

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