Silver Alert
Silver Alert
IF you are short silver it’s probably time to take profits – let me show you why:
Yes, this bitch could drop quite a bit further here but is it worth the possible risk? The tape has been spasmodic across the board and especially in difficult periods you want to make sure the odds are clearly on your side.
Actually Scott is going to play this as a possible setup Aussie convict style:
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Actually I like it – go long via Scott’s Retest Variation setup – and if you act now we throw in a pretty stingy stop and a free toaster. That’s a 60min chart by the way if you want to plot it yourself.
UPDATE 3:17pm EDT: Scott advises that the setup was just triggered. Folks – be disciplined with that stop, please.
Have fun,
Mole
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