SLV buying opportunity?

Discussion in 'ETFs' started by trader3cnd, May 3, 2011.

  1. @ $35 for me.
     
  2. are you asking about silver as an investment? i think SLV right now only makes sense as a trading vehicle.
     
  3. SLV can go to $7 for the same reason that went to $50. Personally I believe it might stabilize around $22.
     
  4. ==========================
    Exactly...mo;
    but $7 is MUCH less likely than your other #.

    Thats a cash area for 1987 drop/downtrend ; very , very unlikely.

    :D UNless you know somthing about SLV i dont:D

    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:D
     
  5. SLV is an example how a momentum strategy works until suddenly it does not.

    Which way is the trend now? :confused:
     
  6. 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. [​IMG]
     
  7. 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.

    edited
     
  8. 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.
     
  9. it's down.

    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...
     
  10. Exactly ... under 44 or so there was no excuse to still be in silver... just have a plan to exit the winners of course.
     
    #10     May 5, 2011