Gold, silver, bonds…

Posted on Jun 16, 2013 by in Letters

(no link possible go to to see larger chart.)

Well thius should be discomfiting to silver buffs.  The PnF chart looks for a target of 8 in silver.  There is a clear downtrend in SLV.  Whether it reaches 8 is another question, but the chart is clear.  Good traders should be short silver.  We are short with the reverse ETF,ZSL.

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