I said last night I think both SLV and GLD can rally again, but first they need a pullback and that Silver will probably get hit harder and GLD probably rally harder the next time.
Here are the SLV charts, remember I'm not treating this as a swing trade or anything else, it's a quick move to the downside I'm looking for.
SLV 5 min chart
SLV 3 min from the accumulation for the move to distribution in to the move.
Futures
The 15 min SI futures- negative
And the 1 min intraday the same, I'd take the SLV put right now if I hadn't already
Is interest rates about to start going up?
-
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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