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Re: Silver/Trades/Ronbo/rabbit *LINK*
In Response To: Re: Silver/Trades/Ronbo/rabbit ()

Well here is the chart again, revised to show the very bearish Descending Triangle that has formed since the April breakdown. A 'close' below $22 would likely be the trigger to really sell off hard and fast. The pattern suggests a $4.00 move down if broken so that would take Silver to $18 bucks. Meanwhile besides the bearishness of the chart a summer low does historically occur somewhere between late June and late August. Often a double bottom occurs with a June low and a July rally high and a 2nd low in August that may or may not be lower. But the chart will tell the story better than anyone can.