Monday, February 11, 2013

silver update Feb 11, 2013

If the cycles play out silver ahould put in a bottom by mid week. Silver failed to reach our upper target, but did exceed our lower targer.  We may get a substantial 2-3 day sell down here.

Here is a visual:

GL traders


  1. Target appears to be too low, $30+ seems to be potential bottom.... let's see what happens by Friday.

  2. 2/15 silver below $30 this morning... Maybe my timeframe was wrong (early?). Regardless, silver is getting close to a buy point IMO.