trader ... those charts were not updated ... that is why you see what you are seeing on them ivan ... romik takes a "long term" view ... if you are willing to hold for 2007 and not leverage any positions you have ... you might do ok ... but lets remember that silver has the ability to drop just as quickly if not more than rally in fact my worst loss last yr came from looking for silver to drop and then when it was dropping ... going long :eek:
commentary on gold and silver from the aden sisters via kitco website http://www.kitco.com/ind/Aden/feb072007.html
silver ... funny ... when it is strong ... it is really strong and of course when it is weak ... it can be reallt weak today it is strong up 18 cents presently
As far as I am concerned it's heading for a re-test of 15 & a breakout, I have not idea on when 15 will become support (edited), just faith
well it seems like on valentines day ... anybody buying silver for their sweetie ... will have to pay over $14.00 spot again ! ( at least for this am )
i SHARES has increaseed their silver holdings backing their ETF last few week in london....... silv has high correlation with gold as hong kong inreases thier gold reservies so this is a legit trend however everytime we hit 13.50/14.00 level last year it followed by a violent drop, so thinking the same might happen again if we start to consolidate but it wont happen this week as therre is still upsid epottential
interesting action today on comex ... as silver market opened someone went high bid @ $14.03 for only 300 contracts in march 2007 futures duh .... we went higher after this size stayed on the bid ~ later in the day we came off and even settled on Comex under $14.00 figure ... but overnight in Asian trading we are back above $14.00 again but the volume is sloppy and who the heck knows what tomm will bring ... and if we will pay more attn to oil than the movements of the dollar ... or vis - versa of course there is always the gold market to watch plus the other metals and during the day the XAU