Gold, silver, bonds…

Posted on Jun 16, 2013 by in Letters

(no link possible go to stockcharts.com 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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