Thursday, July 14, 2011

TIME TO SHORT SILVER? HOPE NOT.....

We are ramming up to significant resistance, could this be the time to bail and reload at a lower level?  Bulls simply need Ben Bernanke to say that the Fed is here to save us all and with whatever fire power he has and it will bust through.  On the other hand, if Benny seems dovish and acts like they have limited options, SLV is going to retest the $32.50 level again.

Be nimble!


GOATMUG


Goatmug is an investor that cares about you and your family. Goatmug's Blog - Financial Perspectives From The Mountain Top is a collection of thoughts on our economy and how it impacts the lives of investors and average people. While several specific investments are named in many of his posts, these articles are simply invitations for you to do your own research and reference to these securities does not constitute financial advice. Your situation is complex and unique and you should seek professional assistance with your trading and investing. Please visit Goatmug and share your comments at http://www.goatmug.blogspot.com/

No comments:

Post a Comment

Thanks for commenting.... if you are leaving spam or any link that is not related to the post, your comment will not be approved.