Silver: so it was a top.

Posted on May 03, 2011 by in Uncategorized

The jury is in.  It was a top in Silver.  In addition to all the other stop methods we discussed lately if you were trading with a ruler and trendlines this is a sell signal.  We don’t think the silver bull is dead yet and will be watching for the completion of the dump-bump-dump pattern to reenter.

We sold our gold position taking a negligible profit expecting sympathy moves.

Leave a Reply

You must be logged in to post a comment.