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| Do you remember I put this up last week (May 25th post, here is the LINK), and it had played out just like I told you. Yesterday they raided silver in the Globex and beat it down so if the SLV was live it would have traced a low below my actual target. I think they are done selling and we go back up to the recent high of 37.5. No position in SLV. |
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| So they printed a reversal at the 50 like I mentioned in previous posts, were are still in an uptrend, excellent support at 36.5, picked up some physical yesterday. |
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| The red line shows you what these SOB's do when volume is low and they can cheaply and quickly take Silver down. You'll notice they took it down to 36.5, why not lower you ask because there are a ton of buyers sitting there! Bottom line Silver needs to hold 36.5 or we go to 34. On the up side we could go to 38.50 by Tuesday, the real test will be building a base higher than 36.5. Today is an important day for bulls and bears in Silver. |
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