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stmartin47

stmartin47
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  • Precious metals (GLD -1.4%, SLV -1.3%) tumble to new multi-month lows, with gold at $1,552/oz. the weakest since last summer and right near what technicians like to call long-term support going back to mid-2011. At $26.87, silver also threatens key chart levels. [View news story]
    Just go and read GoldSilver.com and jsmineset.com. You'll feel alright again after that!
    Apr 3 02:45 PM | Likes Like |Link to Comment
  • It's absolutely idiotic to own SLV for two reasons, says technician Peter Brandt. First, he believes fans of silver get a far deal better trading the futures, rather than the ETF. Second, the daily chart remains in a strong downtrend, and a break much lower puts long-term support of $25.50 in play. Beyond that, the next major support is $20.75. [View news story]
    I think I'll sell the house, the car, the wife and the dog and buy some silver and golden eagles!
    Mar 28 02:50 PM | 1 Like Like |Link to Comment
  • If it's a fat finger, it's not immediately being lifted. So far, gold hasn't bounced a dime from a quick $20 sell-off an hour ago. Chatter says the move was due to a contract rollover that accidentally became an outright sell. Silver has moved in concert, SLV -2.1% premarket. Oil and copper, both lower by more than 1%, complete the picture for key commodities. [View news story]
    No mention of manipulation then? Just an accident. Maybe they've all been accidents. Must make it all ok!.

    Don't think so,

    Stuart
    Nov 28 09:39 AM | 7 Likes Like |Link to Comment
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