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Re: starboy post# 24006

Wednesday, 10/15/2008 11:58:25 AM

Wednesday, October 15, 2008 11:58:25 AM

Post# of 24183
I think the problem with silver is that half of people trade it like a precious metal and half of em trade it like an industrial commodity.

Anyway, the bottom line is this...

It trades opposite of the $USD/EUR index and...

It trades in tandem with the DOW industrials.

Apparently nothing has changed in spite of all this inflationary pressure created by the printing presses whirring away at the treasuries of the world because we're in a major recessionary period which is incredibly deflationary so that's a wash by the looks of it.
My advice...watch/predict the DOW and you'll be able to trade/predict silver's moves.

At least it simplifies the trading of it.

If the DOW is going down and the USD is going up then silver will soon fall.(within a matter of hours)
Period.

And if we're going into a flatline situation which I think we are, you better make your money on the few decent swings we have left to play.












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