sideways to slightly down day for PM's shaping up. no big free fall as predicted by smelly - as usual smelly is primarily agitating for the bear case, as if it will have any influence on world markets by broadcasting from this board!
smelly you are too funny.
In that case SLW is a clear hands down winner. Not even a horse race. Unless someone only looks at ST moves and the most recent couple of weeks of price action. In any reasonable type of LT hold SLW has blown silver out of the water.
U.S. Treasury to release foreign exchange report Wednesday
WASHINGTON (MarketWatch) -- A much-anticipated report that could brand China as a currency manipulator will be released on Wednesday at 4 p.m. Eastern time, U.S. Treasury spokesman Tony Fratto announced Monday. Fratto would not comment on whether the report names China as a manipulator, a designation that could escalate trade tensions. "We have said for a while that they in fact moving toward more flexibility," Fratto told reporters. "They could and should do more." Fratto said too much attention is being paid to what public officials say, rather than what they do. "We are going to focus on actions," he said, while acknowledging that Washington believes Beijing's commitment to reform is genuine.
you know, I think it's just that a lot of money came in, and it's consolidating. when the funds and other big investors see no real selling (the sort that would reverse the uptrend, as opposed to consolidate it), they will have to conclude the bull is not done, SLW has very good legs, and the buying will begin again.
My statement meant SLV was too young to chart against SLW and draw any clear conclusion as to which is the better performer. 1, 3, 6, day moves are of very little probative value for identifying a pattern. IMO