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Silver Wheaton Corp. Message Board

  • chemaes44 chemaes44 Jan 3, 2013 3:15 PM Flag

    not looking good

    last time i posted: "Summary: Bears in control. Next 48 hr will likely see relief rally after the continued selling for 7 days. Should sell long positions into strength up to 30.477. With a close above30.477 retake long position and begin selling into strength upto 31.544 silver. If it closes above 31.544 for 4 to 6 hrs retake long position because bull back in control"

    A few days after publishing, it went to 30.477 (above it by about 4 cents), dropped back then went at it again but this time going exactly to 30.47. After it got above the price it went to 31.53 and I shorted. Covered half 20 minutes ago.

    silvers now drawn to 30.24 . it doesn't look good, just a warning. Dollar also popping upward. although 29.94 looks like a strong base formed over several days, it was formed over

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13.12+0.53(+4.21%)Nov 30 4:03 PMEST