Yesterday I posted AGQ as a trade I liked, I mentioned correlations in GLD, I'm also wondering about them in SLV. Thus far this morning, I DO NOT like the short term action in silver.
This leading positive 15 min chart is what I really liked about SLV, you can see there's a dip this am on the chart.
The 10 min chart is pretty much in line with the trend.
But the 5 min above and 1 min below are looking pretty negative. Out of an abundance of caution, I'm pulling the long trade on SLV/AGQ
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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