Tuesday, January 18, 2011

They are Not Making it Easy

On Friday silver put in a hammer, signalling short term support. Silver and the dollar we are sitting at crucial support areas, and this morning silver is bouncing off that support and the dollar resting right on it.  Where do we go from here?

We are in the zone for at least a correction in the stock market, yet the market is still strong, and the miners took an incredible beating.  I am playing it cautiously, and will continue to buy junior silver miners on all significant dips in their price (> than 1%).

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