iShares Silver Trust (SLV)

[michael03332002]

in looking at the daily on spot silver, the price seems to be in

a declining wedge formation, with the recent move up to 22, then

down to the 19.65 area the last few days we have been riding the

bottom up sloping line. The next move should be UP to just below

21, probably 20.90-95ish before moving back down to test the

lower line again and that time I think it break for a fast flush

and rebound over about 1-2 week time frame.

price wise for a low, some are suggesting around 15ish but I dont

think that could happen without outside news such as the dollar

gaining strength or breaking out for a false break out UP.

I will be HOPING for something in the lower 17's to upper 16's

but once this does turn around, you wont ever see these prices

again in gold or silver, EVER.

The re balancing of currency away from the dollar will demand that

gold be the backstop and that will ensure prices stay lofty

for as long as I am going to live. lol

just my take from the recent charts and events...

g/l to all