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David Fry
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David Fry writes a subscription newsletter focused on technical analysis of exchange-traded funds, called ETF Digest (www.etfdigest.com). Dave founded the ETF Digest in 2001 and was among the very first to see the need for a publication that provided individual investors with information and... More
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  • Bullish Opportunity in Silver ETF  1 comment
    Jan 11, 2012 11:58 AM | about stocks: SLV, SIL, AGQ
    scott

    Scott Pluschau is a Contributing Editor to the ETF Digest.

     
     
    Scott was a financial advisor with Citi. His technical analysis report on the Nasdaq Composite Index was featured by Dr. Marc Faber in his June 1, 2011 Gloom, Boom & Doom report. Scott earned his degree in Accounting and Taxation from Pace University. He lives on Long Island with his wife Ilona, daughter Olivia and son Henry.


     

     

    The opportunities to get long on favorable bullish setups in silver are heating up. The daily chart has now formed a Bullish "Inverted Head and Shoulders" pricing pattern that I have noted on the daily chart. The Bears seem to have run out of gas when they formed the recent "Head" on a decrease in volume from the left shoulder. The right shoulder also shows a lack of commitment from the Bears again. See chart below. The pressure is now on the Bears.

     
    Stocks: SLV, SIL, AGQ
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  • untrusting investor
    , contributor
    Comments (9973) | Send Message
     
    Interesting. Have seen several articles bullish on silver with somewhat similar analysis. Hope so as purchased a few call options on silver and sold a few puts.
    12 Jan 2012, 05:29 PM Reply Like
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