by Serge Berger | May 24, 2011 | Uncategorized
We're playing this very carefully, but Silver did now construct a fairly solid bottom. As of this morning it is moving up to the $35.80 mark again, which has served as resistance on a daily closing basis for the past nine trading days. A move above...
by Serge Berger | May 20, 2011 | Uncategorized
A little perspective on the move in gold should go a long way. The inverse head and shoulder pattern that developed from November to March hit it's ultimate target almost to the dime near $153 (on the GLD). After the recent 6.5% correction the...
by Serge Berger | May 4, 2011 | Uncategorized
Silver's real parabolic move started at the end of January. Looking at the below chart I note that the area between $37 and $38 serves as a) the 50% retracement from the low to the high of this move and b) where the 50 day simple moving average comes in....
by Serge Berger | May 2, 2011 | Uncategorized
After scaling out of the short SLV last week for a scratch trade, today we re-entered on the short side. See the analysis from earlier today here: http://steadytrader.wpengine.com/a-look-at-silver-after-last-nights-crash/ After SLV gapped down this morning...
by Serge Berger | Apr 25, 2011 | Uncategorized
After a huge spike in the futures overnight…they were up as much as 8ish%…it almost touched the psychcologically important $50 area ($49.80) to be exact. That was the absolute high however so far today and for the time being at least it looks like...
