bash all you want, we'll see who's right at tommorrow's close, and then i'll be back once again next friday to refresh this thread.
i trade charts first off, but i do my research, and like i said in the original post, i'm not predicting some doom-and-gloom for either silver or SLW, however, given a lackluster earnings report and technicals that are the showing the most overbought conditions in SLW's history (or at least the last 3 years or so), and given the NAV-based valuations most fund managers and hedgies are willing to place (and own) metals stocks at, you can be assured it'll close RED tommorrow, and most likely be down around $31 by next Friday's options expiration.
Oh, and silver ain't going up to $30 tommorrow or in the next week.
My chart suggests a pullback to $26, and perhaps down to $25 by options expiration next week.
enjoy and GL either way (whether you're bashing me or agreeing with me)
good try viv- you post about the price at the end of next year- now your target projection is next Friday. Your post is stupid and worthless but it did generate some activity. Of course were over extended... oooohhhh I'm a chartist! Oh brother. As far as your short term outlook it matches mine as I would expect a pullback..duh- but one more mention from Zoellick about the gold standard and your puts are kaput!