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Re: Important 'Red Flag' warning for Silver/Lee *PIC*

Silver continues to ride that 20ema which is still a sign of strenth. Besides the 'dip' in Jan price has been riding that 20ema since last August. That has to end just to even suggest a drop to price support of 36.75 which then has to breakdown. And the 50ema is also sitting there at support. So a clean break below 36.75 would have some bearish meaning to it. Meanwhile it just keeps taking the bear's money regardless. DX is up sharply today and Silver doesn't seem to care much either. The Silver to Gold ratio is getting even lower with it down to 37 to one now showing continued strength. The sad part of it all is 'when' Silver does throw in the towel it will be on a gap down that will force everyone to chase it. And of course then it will have a dead cat bounce back and trash the bears.....again..... Not a nice player Silver,lol.

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Re: Important 'Red Flag' warning for Silver/Lee *PIC*