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	<title>Technical Analysis of Stock Trends &#187; slv</title>
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	<link>http://www.edwards-magee.com</link>
	<description>The Foundation Upon Which Technical Analysis is Built - WHC Bassetti</description>
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		<title>TLT tilts.  We buy silver (SLV, AGQ)</title>
		<link>http://www.edwards-magee.com/2010/09/03/tlt-tilts-we-buy-silver-slv-agq/</link>
		<comments>http://www.edwards-magee.com/2010/09/03/tlt-tilts-we-buy-silver-slv-agq/#comments</comments>
		<pubDate>Fri, 03 Sep 2010 18:36:57 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[sep10]]></category>
		<category><![CDATA[slv]]></category>
		<category><![CDATA[tlt]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=2214</guid>
		<description><![CDATA[
http://stockcharts.com/h-sc/ui?s=TLT&#38;p=D&#38;yr=1&#38;mn=0&#38;dy=0&#38;id=p20970412253&#38;a=207054001
Jim Rogers couldn&#8217;t have called this better.  TBT which we bought is the short of this.  Based on this action it could go a lot lower.
Meanwhile smarty pants sold his silver and had to buy it back today.  Remains to be seen which was the good trade.  We are very suspicious, and think the gold [...]]]></description>
		<wfw:commentRss>http://www.edwards-magee.com/2010/09/03/tlt-tilts-we-buy-silver-slv-agq/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>GLD, SLV &#8212; The long view</title>
		<link>http://www.edwards-magee.com/2010/04/10/gld-slv-the-long-view/</link>
		<comments>http://www.edwards-magee.com/2010/04/10/gld-slv-the-long-view/#comments</comments>
		<pubDate>Sat, 10 Apr 2010 17:56:25 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[apr10]]></category>
		<category><![CDATA[gld]]></category>
		<category><![CDATA[slv]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1820</guid>
		<description><![CDATA[SLV.  Notice anything different?
Of course not.
GLD.
What you are not noticing is that these are weekly charts.  The reason you don&#8217;t notice anything different is because price behavior is fractal.  Fractal means it is self similar at all scales.
Magee never heard of fractal.  It hadn&#8217;t been invented in his time.
We jest, of course.  Of course he [...]]]></description>
		<wfw:commentRss>http://www.edwards-magee.com/2010/04/10/gld-slv-the-long-view/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>At it, hammers and tongs&#8230;GLD, SLV</title>
		<link>http://www.edwards-magee.com/2010/02/06/at-it-hammers-and-tongs-gld-slv/</link>
		<comments>http://www.edwards-magee.com/2010/02/06/at-it-hammers-and-tongs-gld-slv/#comments</comments>
		<pubDate>Sat, 06 Feb 2010 22:42:50 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[feb10]]></category>
		<category><![CDATA[gld]]></category>
		<category><![CDATA[pgm]]></category>
		<category><![CDATA[slv]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1616</guid>
		<description><![CDATA[As you will see from our discussion yesterday there was in addition to the hammers in the indices a hammer in the metals.  At this point the SLV and the GLD are one day away from confirming a valid downtrend in the metals.  In fact, for the aggressive trader there is already a downtrend.  You [...]]]></description>
		<wfw:commentRss>http://www.edwards-magee.com/2010/02/06/at-it-hammers-and-tongs-gld-slv/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Busy, busy, busy&#8230;bought Platinum, lifted gold, silver hedges for personal accounts</title>
		<link>http://www.edwards-magee.com/2009/12/16/busy-busy-busy-bought-platinum-lifted-gold-silver-hedges-for-personal-accounts/</link>
		<comments>http://www.edwards-magee.com/2009/12/16/busy-busy-busy-bought-platinum-lifted-gold-silver-hedges-for-personal-accounts/#comments</comments>
		<pubDate>Wed, 16 Dec 2009 19:28:43 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[dec09]]></category>
		<category><![CDATA[gld]]></category>
		<category><![CDATA[pgm]]></category>
		<category><![CDATA[slv]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1470</guid>
		<description><![CDATA[There is every possibility that this could be a flag in PGM which could augur another leg down in platinum and the metals.  But, ever adventurous we lifted our gold and silver hedges and bought platinum.
Busy, busy, busy, as Kurt Vonnegut&#8217;s bokononists would say.
]]></description>
		<wfw:commentRss>http://www.edwards-magee.com/2009/12/16/busy-busy-busy-bought-platinum-lifted-gold-silver-hedges-for-personal-accounts/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Gold.  Juggling hot potatoes&#8230;</title>
		<link>http://www.edwards-magee.com/2009/12/08/gold-juggling-hot-potatoes/</link>
		<comments>http://www.edwards-magee.com/2009/12/08/gold-juggling-hot-potatoes/#comments</comments>
		<pubDate>Tue, 08 Dec 2009 19:09:44 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[dec09]]></category>
		<category><![CDATA[gld]]></category>
		<category><![CDATA[slv]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1435</guid>
		<description><![CDATA[We closed our gold and silver longs put on yesterday, meaning we presently expect more down or bottom formation here and in the metals.  As we said it was aggressive &#8212; too aggressive, but that is what happens when trying to catch bottoms.  Don&#8217;t do it.
In fact there is no tradeable daily pattern in these [...]]]></description>
		<wfw:commentRss>http://www.edwards-magee.com/2009/12/08/gold-juggling-hot-potatoes/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fun stuff.  Gold, silver, platinum</title>
		<link>http://www.edwards-magee.com/2009/11/30/fun-stuff-gold-silver-platinum/</link>
		<comments>http://www.edwards-magee.com/2009/11/30/fun-stuff-gold-silver-platinum/#comments</comments>
		<pubDate>Mon, 30 Nov 2009 20:25:08 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[gld]]></category>
		<category><![CDATA[nov09]]></category>
		<category><![CDATA[pgm]]></category>
		<category><![CDATA[slv]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1390</guid>
		<description><![CDATA[Tis the season to begin thinking about wearing this stuff instead of  trading it.  But first we have to manage our trades before we hop off to breakfast at Tiffany&#8217;s.
The last gap at the top here is the immediate concern.  This particular kind of gap can be an exhaustion gap &#8212; meaning this hand of [...]]]></description>
		<wfw:commentRss>http://www.edwards-magee.com/2009/11/30/fun-stuff-gold-silver-platinum/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Gold. Gaps. Golly&#8211;gee&#8211;whiz.</title>
		<link>http://www.edwards-magee.com/2009/11/24/gold-gaps-golly-gee-whiz/</link>
		<comments>http://www.edwards-magee.com/2009/11/24/gold-gaps-golly-gee-whiz/#comments</comments>
		<pubDate>Tue, 24 Nov 2009 19:04:51 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[gaps]]></category>
		<category><![CDATA[gld]]></category>
		<category><![CDATA[nov09]]></category>
		<category><![CDATA[pgm]]></category>
		<category><![CDATA[slv]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1379</guid>
		<description><![CDATA[Stock investors are now looking at something in GLD that futures traders are long familiar with &#8212; repeated gaps.  These rarely occur in stocks, but are common in commodity blow-off situations. (See SLV and PGM also.)
Here we have a breakaway gap followed by a power bar (!) followed by two runaway gaps.  Well, obviously there [...]]]></description>
		<wfw:commentRss>http://www.edwards-magee.com/2009/11/24/gold-gaps-golly-gee-whiz/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Buy Gold.  Buy Silver. Gaps.  Power bars.</title>
		<link>http://www.edwards-magee.com/2009/11/03/buy-gold-buy-silver-gaps-power-bars/</link>
		<comments>http://www.edwards-magee.com/2009/11/03/buy-gold-buy-silver-gaps-power-bars/#comments</comments>
		<pubDate>Wed, 04 Nov 2009 02:27:50 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[gap]]></category>
		<category><![CDATA[gld]]></category>
		<category><![CDATA[nov09]]></category>
		<category><![CDATA[powerbar]]></category>
		<category><![CDATA[slv]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1317</guid>
		<description><![CDATA[A gap and a power bar.  About as good a buy signal as you get.  While the pattern is different in silver we think silver has a buy signal also.
As always these signals are not 100% perfect, and given the animus of the Treasury and the Fed for gold we can depend on their efforts [...]]]></description>
		<wfw:commentRss>http://www.edwards-magee.com/2009/11/03/buy-gold-buy-silver-gaps-power-bars/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Gold breakout and runaway?  Or more heartbreak and psoriasis&#8230;?</title>
		<link>http://www.edwards-magee.com/2009/09/13/gold-breakout-and-runaway-or-more-heartbreak-and-psoriasis/</link>
		<comments>http://www.edwards-magee.com/2009/09/13/gold-breakout-and-runaway-or-more-heartbreak-and-psoriasis/#comments</comments>
		<pubDate>Mon, 14 Sep 2009 02:00:14 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[gc]]></category>
		<category><![CDATA[sep09]]></category>
		<category><![CDATA[slv]]></category>
		<category><![CDATA[stops]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=1085</guid>
		<description><![CDATA[After being spooked by what looked at first glance like an exhaustion gap we followed good practice and set a stop instead of bailing on gold.  So far this is productive.  Now we have an up gap &#8212; a bullish signal, in fact you could, if aggressive, add to your position.  Note:  aggressive.  Of course [...]]]></description>
		<wfw:commentRss>http://www.edwards-magee.com/2009/09/13/gold-breakout-and-runaway-or-more-heartbreak-and-psoriasis/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fooled by gold again&#8230;</title>
		<link>http://www.edwards-magee.com/2009/08/04/fooled-by-gold-again/</link>
		<comments>http://www.edwards-magee.com/2009/08/04/fooled-by-gold-again/#comments</comments>
		<pubDate>Tue, 04 Aug 2009 17:47:43 +0000</pubDate>
		<dc:creator>WHC Bassetti</dc:creator>
				<category><![CDATA[Letters]]></category>
		<category><![CDATA[aug09]]></category>
		<category><![CDATA[buy]]></category>
		<category><![CDATA[gld]]></category>
		<category><![CDATA[slv]]></category>

		<guid isPermaLink="false">http://www.edwards-magee.com/?p=928</guid>
		<description><![CDATA[Beguiled by our recent trades in gold and silver we happened to think back to  our adventures in the commodity markets of the &#8217;70s.  At Commodity Investment Service we were managing a lot of client money in addition to our own.  We made about 100 losing trades (a mild exaggeration) in silver until our clents [...]]]></description>
		<wfw:commentRss>http://www.edwards-magee.com/2009/08/04/fooled-by-gold-again/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
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