Activity here on Evil Speculator will be pretty muted this week as most of you guys are probably out there hitting the slopes (without the hopes). A ton of gapping action on the FX side so I’m not going to touch that one for now. Silver is looking interesting as it responded pretty wildly to the initial claims announcement earlier this hour:
IF it’ll reverse this candle then IMNSHO it’ll do it right here. We’ve hit a pretty pronounced falling diagonal and I’ll risk a small short with a stop above. Absolutely would take a breach higher into a long trade – actually this is what I hope it’ll do as the recent activity suggests a floor pattern.
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