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Commodity Trading Discussion Forum

Re: silver...my take/Wayne *PIC*

Posted By: Trades
Date: Thursday, 2 July 2009, at 11:22 a.m.

In Response To: silver...my take *PIC* (Wayne Fisher)

Yes but have you seen it on a one minute chart blown up on a large screen monitor!!!!!!!! only kidding,lol. Silver has dropped back to its 8 month uptrendline which is significant support. And note the seasonal trend for a significant low end of June. The 5yr, 10,yr up to 30yr seasonal charts show the same June lows with June and end of the year having the 2 major lows of the year. So buying the uptrendline for a simple trade has a limited risk technically and seasonally. Not marriage.... just a trade. I like the odds here. Not perfect but I haven't found that one yet........

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