SILVER 0.30% $15.25 silver futures

silver equities sounding a warning

  1. 2,213 Posts.
    The following link is to a chart of the Global Silver equities ETF - SIL
    If it can't reverse tonight and make a higher close above last weeks low then it has effectively made an "outside reversal week" to the downside and signals a change in trend for silver stocks.

    This would effectively be a leading indicator of lower silver prices ahead.

    I urge evryone to be alert here because we could be in for a 2008 style gold and silver equities collapse.

    I liquidated my final positions this morning and have been scaling out since Monday.

    http://stockcharts.com/h-sc/ui?s=SIL&p=W&b=5&g=0&id=p14349602703
 
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