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Silver Wheaton Corp. Message Board

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  • chemaes44 chemaes44 Jan 23, 2013 3:21 PM Flag

    bull trap setup here

    5hrs after the dollar had the intraday reversal bullishly, it is now challenging the integrity of the reversal. has to stay above 79.975 to make things look bad for gold and silver.

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    • I think all the quick movement in dollar and PM's has been driven by the 3 month debt limit vote in the house. If they can't agree and finally allow the sequester, that would be a good first step to reducing the defict and bad for PM's. I believe politicians will want to be seen as doing something which means it will not be as effective as the sequester, and good for PM's. I appreciate your posts and over the rest of winter and into spring we should see higher PM prices. Shorter term, I have no clue.

21.29+0.46(+2.21%)Jun 24 4:04 PMEDT