Tag Archives: SLV
Profit taking is a normal event in all markets and short-term corrections are frequent in both bull and bear markets. In the last four days, GLD lost 3.94% and SLV lost 5.33% but as the charts show, corrections of this … Continue reading
Inflation was supposed to rise with QE1 but it did not. Then, it was supposed to skyrocket with QE2 but it did not. Operation Twist raised hopes of investors and traders with long positions in precious metals but inflation did not rise. In my opinion, even … Continue reading
Last time SLV dropped below $26, on December 29, 2011, it rallied for about two months to over $36. Last Friday SLV tested again the December 2011 low and closed 50 cents above it at $26.15. Will there be another … Continue reading
If there is a pick-up in economic activity and indications about a possible uptick in rates, precious metals will fall. If there is further decline and talk about QE3, precious metals will rally. Technical analysis can only identify price levels with some … Continue reading
Before the open of last Thursday I wrote in this post that “Gold and silver are way oversold… some type of a rebound is expected from these levels.” GLD and SLV rebounded during the last two trading sessions and gained 3.4% and 5.32%, respectively. … Continue reading
Gold and silver are way oversold. The charts for GLD and SLV show levels of relative strength index not seen for years. Although markets can stay oversold for extended periods of time, some type of a rebound is expected from these levels.