Chick Good post But I don't think you have the big picture
The big sells last year were made from $1600 to 1400 Presumably by the US government
I would think they would of bought some back at low prices So they are a long way in front
That is one Scenario
Another is that they are protecting the US dollar I don't think that will stop anytime soon
Anyhow brake out level is $1277 Once broken should push down to $1230
I am not posting not to downramp But to share what I think is happening ATM
It can all turnaround very quick SLR shares maybe will go under 40 cents But I would imagine the likes of PRU and RSG Will get hammered They will be the ones to be on when the POG heads up As the last time PRU 22 cents up to 50 cents
Interesting 2 nights coming up that's for sure
SLR Price at posting:
43.5¢ Sentiment: ST Sell Disclosure: Not Held