Discussion in 'ETFs' started by trader3cnd, May 3, 2011.
@ $35 for me.
are you asking about silver as an investment? i think SLV right now only makes sense as a trading vehicle.
SLV can go to $7 for the same reason that went to $50. Personally I believe it might stabilize around $22.
but $7 is MUCH less likely than your other #.
Thats a cash area for 1987 drop/downtrend ; very , very unlikely.
UNless you know somthing about SLV i dont
Long term SLV & more so Silver,looks great UP-trend;
short term the Chinese gov is probably LOL about thier panda bear on thier silver coin
SLV is an example how a momentum strategy works until suddenly it does not.
Which way is the trend now?
QE2 will expire in June. So, the dollar cannot continue its bear run. This should keep gold, silver, and oil from reaching new highs. I'd rather speculate in equities, which I expect will start its shallow bear run.
QE2 will expire in June. So, the dollar cannot continue its bear run. This should keep gold, silver, and oil from reaching new highs. I'd rather speculate in equities, which I expect will start its deep bear run.
I disagree. If you have a plan for exiting your winners you would be long gone from this move a few days ago -- exiting some into strength prior to the roll.
I use momentum or trend following whatever you call it... im by no means a day trader.
I rerversed my longs to shorts at 44 usd more or less... did i know by then it would continue to go down? No in fact i thought i was going to pick the short term bottom... but it then continued and we're now at 35 !! Which is 21% lowwer than the entry.
I think momentum here worked just fine...
Exactly ... under 44 or so there was no excuse to still be in silver... just have a plan to exit the winners of course.
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