SLV

SLV at the Trend Channel stop that has held the SLV run up since early 2010.

This is our final line in the sand on the close, should this break, the 1.5 year character of SLV changes with it. This is also one of the last areas for SLV to stage a bounce before a major change in character comes down the road.

From ZH on the margin hike (you have to wonder which commodity will be next):

"Nobody could have foreseen this. Nobody. At this point there is nothing left to comment on what is a concerted action to "mitigate" any and all risk in the commodity market but could as well be classified as executive order 6102.5. While we were joking before that soon one will have to post more cash than an silver contract is worth, we are now forced to reevaluate this sarcasm."