SLV. Up or down?

Posted on Jun 06, 2011 by in Letters

We never, never, never (what never? well, hardly ever) debate a market situation.  That way lies madness.  We put our analysis on the table, listen carefully to any technical criticisms and  let time prove or disprove the analysis.

That said, analyses that silver is in a downtrend are premature.  As the chart demonstrates the trendline from September is intact and offering support to prices.  You will remember Magee’s rule that a trendline break was not definitive until it reached 3%.

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