Monday, September 26, 2011

follow up on silver..

just a quick update on silver..i think what i labeled a strong support at 26.01, will not hold for as long as i thought ( about a month or two)....looks to me that we are just pausing before a final push lower within the next few weeks...the target currently in my opinion is around 23.6, but will fine tune it later...for now i think its wise to jump off silver at 32.70...


-------------------- Just updating this chart quickly... actually got to 33.50, but is now falling quick.. I think this will be our range for the next 2 weeks or so, between 27 and 33...With a higher chance of breaking lower eventually.. I imagine we'll get to around 18 - 20 over the next yr or so..


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