PM's

Yesterday I posted this Precious Metals update

With the warning, "The short term charts of SLV and GLD look like a downside correction is coming, at least on an intraday basis. SLV intraday 3C chart has gone quite negative"


Fortunately a few of our members took the signal

 SLV down nearly 4% today

 Yesterday's warning chart...

 Today's chart-same as above, shows confirmation of today's move thus far, I'm still concerned about the depth of yesterday's leading negative divergence in the red box.

 The 5 min chart showing accumulation (white), distribution (red) and confirmation (green)

 The 10 min chart is a fairly long chart, suggesting a move of probably several days as it stands.

 The 5 min chart has done an excellent job in calling the sell/buy signals in ZSL (UltraShort Silver), currently there's a slight leading positive divergence.

If at all possible, I would love to see ZSL pullback to the 10-day moving average, any pullback would offer a good second chance buying opportunity, although it may be too early for a pullback.


I'll update GLD next, StockFinder is just finishing its update.