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Michael Noonan Edge Trader Plus Michael Noonan is the driving force behind Edge Trader Plus. He has been in the futures business for 30 years, functioning primarily in an individual capacity. He was the research analyst for the largest investment banker in the South, at one time, and he... More
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  • Silver - Watch This Close 0 comments
    Dec 19, 2012 8:57 PM

    Wednesday 19 December 2012

    After this, what has to be a totally unexpected decline in the
    precious metals, silver closed on the very low. Watch how
    the market responds from here. Not infrequently, these kinds
    of closes can mark a turnaround.

    We are not calling for one, nor is any recommendation being
    made, [other than to buy the physical at his level], rather, we
    are pointing this out at the time and not making the observation
    in hindsight. We like closes like this but must admit our study
    of them is not conclusive enough to draw a consistent conclusion.

    If price does continue lower, soon after, well, like we say, this
    is not yet a definitive study.

    SIH D 19 Dec 12

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