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cbwang888 (25.94)

I counted 3 on silver takedowns

Recs

12

May 03, 2011 – Comments (3) | RELATED TICKERS: GDX , SIL , UUP

 

So I would speculate that silver @$40 ~ $42/oz is the short term bottom.

I would agree with Eric Sprott that silver equities are undervalued.

+/- 3% daily will become normal now for silver trading ...

Watch out for silver/gold miners reversal anytime soon in a day or two ...

 

3 Comments – Post Your Own

#1) On May 03, 2011 at 3:18 PM, silverminer (30.73) wrote:

I continued my steady buying activity into today from yesterday, and feel very pleased with the long-term bargains thus obtained.

My additional observations will be out in article form this afternoon.

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#2) On May 04, 2011 at 3:46 AM, awallejr (83.85) wrote:

I'd wait a little longer for the correction to bottom.  Dip the toes then continue to add.  Just my experience with May.

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#3) On May 04, 2011 at 1:19 PM, cbwang888 (25.94) wrote:

Monday: 1

Tuesday: 2

Wenesday: 3 

Reversal is anytime soo. My speculation:

 

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