nspolar, CDE and my toppy PM market take -
I was happy to collect a one week profit of 24% and run from CDE. Certainly, you and some others have even more significant gains.
I still like CDE as a call on POS, just looking to get my cost basis down some. The move could backfire, but I'm expecting this "break-out" in silver to have a set-back before a more permanent break-out takes hold in late summer or early fall. The seasonals are definitely starting to work against silver:
spectrumcommodities.com
and despite the much anticipated crash of the dollar, it looks like we may soon witness a slight rebound as the following chart suggests (which someone here posted earlier):
stockcharts.com[l,a]waclyyay[de][pc13!c50][vc60][iLh14,3!La12,26,9]&pref=G
A rebound of 4-5 months in the dollar, ROUGHLY coincident with a reprieve in the stock market, should send PMs down for awhile. By the way, when I say ROUGHLY, I mean there could be a final wash-out in the stock market and dollar, and top in PMs, in the coming two weeks.
That's my roadmap, FWIW.
Regards,
crusty |
