Midterm Silver Technical Analysis - Coin Community Forum

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Author	Replies: 1 / Views: 1,518
leon1998 Pillar of the Community United States 586 Posts	Posted 12/10/2015 09:54 am Several highlights on silver spot price movement in WEEKLY chart. 1. MACD negative MACD indicates the momentum of price; it has been negative for years. Until it turns positive, there is no confirmation of reversal. 2. RSI below 50 Strength of price is below 50 in a 0 to 100 scale, BAD. 3. Full STO below 20 I circled the last two occasion when this happens in PURPLE; the BLUE arrows show the according price movement. The similarities tell us silver will be weak for weeks to come. Red arrows show my predicted price path; expect to see silver below $13 in late March/early April. Any price pop between now and then, is a shorting opportunity for traders only Report this Post to the Staff

thq Pillar of the Community United States 3343 Posts	Posted 12/10/2015 11:47 am It looks like the price pops are about $1 per ounce, and occur about every 6 months. So you could play for about 14% per year - as a dealer buying at spot minus. If you're a retail buyer paying $1 per ounce premium over spot it's a wash at best. Works OK as an off-the-books cash placeholder, either short term or very long term. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire Report this Post to the Staff
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