Outside Day In Silver

Outside Day In Silver

There is an outside day in silver in progress today and I am short the SLV as of late morning.  A target at $38 is feasible in the very near term, stop is at today's high of $40.33    

Pre-Market Notes – Tuesday March 29th

Pre-Market Notes – March 29th   With the SPX right at (but above) the 50 dma, yesterday was a bit of a lazy session.  Investors need some rest here to digest the wild swings from the past two weeks.  At the same time it is...

Morning Update, SPX, Metals & More

  An early selloff led to a classic intraday double-bottom and ended up with a rally.  On the S&P500 daily charts we now have the 50 dma and the critical $1300 right here and looking at the overnight futures (up 0.75% right now) we might open above...
Silver (SLV) Looking For Further Upside

Silver (SLV) Looking For Further Upside

After a two week 'resting' period silver and gold look ready to party at higher levels.  Look at the triangle-shaped consolidation pattern in the chart below.  I will be long at the market with stops at $33 and targets at $39.  It is of course...