Time to look at silver again…
Posted by MC on Sep 25, 2008
Silver is near that 50ma and the top of structure resistance as shown on my chart prior. Silver has shown selling pressure on the prior push and now it’s lingering showing limited buying pressure. For a trader this is a low risk short with a clear and tight stop. As I’ve said before…no bias or silver hating here…just pointing out a obvious and sound trade setup. 
Silver finally gave a bounce but it’s at resistance now…
Posted by MC on Sep 18, 2008
Silver coming into daily resistance. This has been trending so clean I’d be shocked if this zone I drew out didn’t hold. Plus the MASSIVE volume on the paper markets seems to tell me there’s a good chance of a temporary bottom there. Clean resistance, with the trend….good place to try getting short. My strategy would be to enter half at the low resistance and then scale in the other bit if it penetrates into that resistance zone. From there you have a clear stop and a good cost basis.
Good luck
