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IBDvalueinvestin (98.48)

Silver was down nearly -50% before yesterday's rally.



January 04, 2012 – Comments (1) | RELATED TICKERS: SLV , AGQ , GLD

I wouldn't be shocked in the least if Silver makes a comback in 1st half of 2011, based on chart it should at the very least regain 25% of its -50% loss. This will be due to weak shorts covering and there are plenty of shorts out there to cover.

Yes Silver was overbought at $50 but it has now become oversold below $30

1 Comments – Post Your Own

#1) On January 04, 2012 at 8:35 AM, IBDvalueinvestin (98.48) wrote:

typo should be 1st half of 2012.

Guess my brain is still in 2011.

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