From my post of Wednesday, July 1, I indicated the importance of $14 on $SLV. At that time, $SLV was $14.94. Well, today $SLV is currently at $14.37 (12:52 PM), which is down 4.14% from yesterday's close. To say the least, the "Bearish Triple/Spread Formation" is now a reality. However, saying that, $SLV has been in a major Bear trend (Stage ) since April 2011 with a price of $48. Since that time, $SLV has declined 70%. So, could this break today be a "False Flag?" I know silver bulls are definitely hoping in this break being a "False Flag," not a continuation of Stage 4. Saying that, I am definitely tempted to purchase some "junk silver" at these price levels. Stay tuned.
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