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Silver Wheaton Corp. Message Board

  • chemaes44 chemaes44 Aug 19, 2013 10:22 AM Flag

    Silver: Above $23.358 is a long, Below $23.256 is a short

    After looking at silver and gold this wknd, I will not get short on pullbacks. I will get less long as I did earlier this morning.

    I put back on a little of the long position at $23.00.

    However, the numbers suggest if silver gets above $23.358 by even 0.001 of a cent get long and hold. If silver is halted at $23.256, the probability a pullback has begun (however slight) increases 3 x.

    Exciting times. The majority of open interest has swung to Dec's contract. My numbers above are still for Sept.. Rollover comes next week (I think). Things would look incredibly good for silver into the end of Sept if it can get to $24.66 before the Sept contract expires.

    Good trading
    chemaes

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