iShares Silver Trust (SLV)

[hotrod34racer]

Well lets see, price is back inside the BB bands, RSI MCD & CCI are still over cooked (Could see a bounce, but I doubt it) moving averages have moved into the DEATH CROSS! that's never good IMO well at least if you have the kind of stack that I do Lol...

So it looks like a major down trend fueled by the rise in the USD and we all know that cant last, so when we get to the $14.80 range I will double up!

Side note in this game of musical chairs:

The world of reserve currencies is changing rapidly. The latest salvo in the currency wars could be fired by Mexico. Since the United States can’t seem to get its act together regarding its national debt and is still printing money and devaluing the United States Dollar, Mexico is considering backing its currency with silver, a precious metal it owns in abundance.

If Mexico backs its currency with something of value, this could trigger a tectonic shift in global economics. Silver is in short supply and is well bid. This will further boost demand for the Mexican peso.

Might be interesting IMO



Cheers Buds \_/