So we continue to monitor the overall activity and it seems like the selling in most of the sectors we follow, subsided today. We are keying on Silver right now as many are extremely bullish this commodity, sector and rightfully so. With that said, let’s look at the chart. Magnelibra has noted and many of our readers know we like to box things out to see just exactly where the resistance and supports exist thru time. For Silver we have outlined these levels in the chart here:
For us we aren’t sure this rally is just indicative of a market that has turned or if this is just purely consolidation. With that, we can’t truly surmise an opinion here until we see a break of one of these levels.
If we look at the equities as a whole, the Nasdaq which has been this year’s big winner, has certainly taken the spot light. However, we have seen that strength fall recently and yea, many have pointed out SoftBanks derivatives position as the culprit, be we know better. We know that there are always m…
