slw
SLW is looking up and, as a streamer, is a good silver play. But the volume is light.
This move may be a probe; its not ready to buy.
Above the 200MA, plus more Volume and it looks like a buy.
Islander
SLW
Started by
Islander
, Aug 10 2012 09:52 AM
3 replies to this topic
#1
Posted 10 August 2012 - 09:52 AM
#2
Posted 10 August 2012 - 10:30 AM
Today I just posted the same thing under PNF Signals..yes, it had great earnings yesterday..trying to get over that 200 day..the relative strength also went to X yesterday and it was on a recent pnf buy too...totally agreeslw
SLW is looking up and, as a streamer, is a good silver play. But the volume is light.
This move may be a probe; its not ready to buy.
Above the 200MA, plus more Volume and it looks like a buy.
Islander
TM
#3
Posted 10 August 2012 - 11:48 AM
http://seekingalpha....ver-bull-market
This article has a certain appeal. (I want to believe it is true.)
I am too aware of the JPM short position and I suspect it is/was used to hedge/ fund some other holdings of JPM which may not be closed soon.
But if they are closed it will be noticed in the silver market. This does not mean that JPM is manipulating the silver, but it does mean that holders of shorts
have very long time horizons indeed. This short was opened I think in 2000 and added to later, probably to fund some housing speculation that did not work out well.
I agree that PSLV is likely the best holding for several reasons, not the least of which is its location. Islander
This article has a certain appeal. (I want to believe it is true.)
I am too aware of the JPM short position and I suspect it is/was used to hedge/ fund some other holdings of JPM which may not be closed soon.
But if they are closed it will be noticed in the silver market. This does not mean that JPM is manipulating the silver, but it does mean that holders of shorts
have very long time horizons indeed. This short was opened I think in 2000 and added to later, probably to fund some housing speculation that did not work out well.
I agree that PSLV is likely the best holding for several reasons, not the least of which is its location. Islander










