Monday, September 21, 2009

Silver: Are You a Buyer or Seller at These Price Levels

Given the following silver (SLV) chart, what would you do? Buy or Sell? SLV closed at $16.54.

Let's see 93% of silver investors are bullish on it, according to Trade-Futures.com. I really don't know anyone who is not bullish on this metal, or for that matter on Gold, which is why I am a contrarian on both metals at these price levels.
Note: To enlarge the chart, double-click inside of it.

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