iShares Silver Trust (SLV)

[michael03332002]

well could happen but more than likely a gap down in the morning or just after the first 15 min would be good for a s/t buy for a paper trade in USLV

IMHO

the 60 min chart has turned back up while the 15 and 30 are O/S

the daily has curled back down from 60 on the slow stoch so EITHER we bounce after testing todays low and close the gap OR my preferred is up slightly in the first hour to maybe 34.25ish then head on back down to re-set the 60 min

I am not buying into either physical OR paper until USLV has re-set both the daily and 60 min and they turn back up

I really hope, yes I said HOPE for at least a close of the first open gap down on USLV at 27/28 area BUT would be premo if they could close the other one at 24.70ish

NOW that would be a good buy for both phy and paper

my plan is to establish an amount in physical at three levels

1 0z

10 oz

100 oz

bars

staying away from the coinage as I dont think in a crisis anyone is gonna care about rarity or condition. an ounce of silver will be an ounce of silver no matter how you get it....

thoughts anyone?

M