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Silver Wheaton Corp. Message Board

  • Has anyone check out the weekly charts on USD? We're at the neckline of a large H&S and dollar gets hit, so does gold and silver follows. It look like the bankers are still in control of the PMs, they broke through the support of 1686 or so and were able to bring the POG close the the monthly support line that goes all the way to '09 which sits around 1660.
    Either way, things are getting more interesting and should resolve themselves shortly. Buy puts as insurance if you can't stand the pressure of PMs moving much lower because if 1660 POG breaks we should see 1630if not 1608 in a short time frame.
    Christmas is almost never very merry for PMs and even worse for PM stocks.

    Sentiment: Hold

24.33-0.08(-0.33%)Oct 21 4:02 PMEDT