Monday, 9 May 2011

We Called it, Strong Reversal In Silver, Spikes Higher

Well, I don't know if it was just wild luck or not, but we most certainly hit the nail on the head with this one. As you remember, last week on Monday, we called it and said silver was going to fall into the $33-$38 dollar range based on a number of factors. Silver promptly did this, much faster than even I thought it would.

Then when Silver was in the $34-35 Dollar range last Friday, we said this is it, buy back your Silver or repurchase more. Sure enough that is what we did, and the results seem to be in, Silver today is up $2.40 as we speak. This equates to a 6.80% move in one day.

I hope you all took our advice on BTFD! We should consolidate and repair technical damage for some time now. That would be best for the market, but who knows these things seem to have a life of their own. Good work SLA.