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Gold/Mining/Energy : McEwen Mining -- Ignore unavailable to you. Want to Upgrade?


To: Gimli who wrote (8597)9/21/2014 10:03:34 PM
From: Robov  Read Replies (1) | Respond to of 24527
 
We go as low as they figure they can take it I guess. Like I said at this point I just have to walk away and not worry about it. I'm able to hold and wait it out. It will recover and it when it does it will just as dramatic. The current system is not sustainable forever, history shows that, so it is not a question of if, only when, it happens.Silver's daily RSI is now down to 13 the lowest I can find as far back as I can go on the chart. Silver weekly has been as low as 18 and currently sits at 28 so there is room to go lower yet, but we will get a bounce soon I think even if we do ultimately go lower. I am only a week and half away from being on the high seas for 15 days and will only be checking in periodically during that time.
It the same with the USD is it into extreme overbought and it too will correct at some point and I think the correction will be dramatic.