Possible Head and Shoulders Short Term Bottom on Silver

May 9th, 2011

WARNING: This is not a recommendation to buy, sell or hold any financial instrument.

$36.42 is the immediate term resistance. If it takes out $36.42, the Fibonacci retracements are shown on the four hour chart.

Spot Silver, 30 Minute Interval

Spot Silver, 30 Minute Interval

Spot Silver, 4 Hour Interval

Spot Silver, 4 Hour Interval

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4 Responses to “Possible Head and Shoulders Short Term Bottom on Silver”

  1. savethepopulation says:
    May 9, 2011 at 2:18 pm

    I’m kinda freaked to buy more physical.

    But the voice in the back of my head says I should.

    It seems win-win LONG TERM.

  2. savethepopulation says:
    May 9, 2011 at 2:31 pm

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/5/9_James_Turk_-_Silver_Will_Hit_New_Highs_in_a_Matter_of_Weeks.html

  3. Kevin says:
    May 9, 2011 at 3:00 pm

    Can I get that by the 21st, Mr. Turk? That’s when my call options on SLV expire.

  4. savethepopulation says:
    May 9, 2011 at 4:30 pm

    http://www.zerohedge.com/article/china-buying-silver-overnight

    That’s it. I’m back in. Going to get more after work.

    Carpe diem baby

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