Wednesday, November 10, 2010

SLV follow up

I love this charts it shows fear greed and more fear!

Looks at  first the margin calls came in on the shorts and they got crushed, spike to 28.9, then we see the blow-off top as margin requirements change, hit money runs for the hills. Bought some back at the close silver will go higher as the fundes haven't changed, there is still big demand for silver, still needs to play catchup with gold although the recent 30% spike reversed alot of that. Silver is going to 50 by sometime next year. I hope we see some consolidation and decreased volatility and a NYJ /NYG super bowl (LOL)

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