a couple previous "death crosses" for SLW:
10/4/2011 SLW closed at $27.45, 11/7/11 about one month later.....$37.10 up 35%
4/19/2012... $29.51 and a little more than 6 months later 11/1/12.........41.14 up 39%
I'll take my chances, especially with the current COMEX COT numbers being what they are.
"Not sure where your realities are but TA is the best thing we have going for us that is not manipulated. COMEX will be manipulated right up until it fails forever and then we will both be rich and better off for it"
If you really believe that the COMEX is manipulated, then you need to look at what the "manipulators" are doing.
The death cross on 4/18/12 closed at $49.58 and SLW then headed all the way down to a $23.50 close on 5/16/12. Not sure where your realities are but TA is the best thing we have going for us that is not manipulated. COMEX will be manipulated right up until it fails forever and then we will both be rich and better off for it. I'm not trying to be the enemy here but I can see posting gets me nothing but grief so good luck to all and your perceptions of reality.
I saved $1.50 on my purchase price, so I'm happy. I'm getting to the point where the reality of value in the fiat currencies seems to outweigh trying to pick a bottom on silver. So it goes to $20 an ounce....it won't be for long. You can always count on countries to print themselves into oblivion. Just make sure you hold physical so they can't naked short it on COMEX with no intention of "real" delivery. Don't get Corzined!
Death Crosses are not good. That said, a lot depends on whether the death cross actually follows through or some fundamental event causes it to reverse propelling it to a higher high. I use and respect TA and certainly take notice of events like a DC but moving average crossovers can often be fake outs if they simply do not follow through. When they do, its mostly only viewed as a significant "hind sight" event. Still I agree that the DC is NOT a good sign and worth keeping an eye on. OTOH, SLW earnings look very good, the hatred of stocks "even associated" with the mining industry reflect extremely bearish sentiment which is actually an extremely bullish and reliable indication from a contrarian perspective. The oversold status of PM shares and the fundamental mess in world economies is more than somewhat supportive of precious metals.
Many of us are very frustrated with the drop in share price so I would chauk the response to your post up to that. I certainly take no offence at your post as you are only reporting what's on the charts. Hope to hear of the Golden Cross someday soon. That will go over much better here, I'm sure. JMO and GLTA!