[T.S.R:17279] Silver Could Lose 50% In Value By Autumn 2011. Sell And Exit

By Christian DeHaemer

May Day: The Asian traders took a disliking to silver and gold late last night.

Check out this 48-hour silver chart:

The drop occurred before the death of Bin Laden was announced.

Spot silver lost 12% in 11 minutes shortly after the open of Asian trade, while spot gold fell 2.2% in 40 minutes.

The drop may have been triggered by an increase in margin requirements to trade Comex silver futures. Or what is a more likely scenario, the metal was overdue for some profit taking.

You know when you see a chart like this you have to take some money off the table...

One-Year Silver

This is called a parabolic or "blow-off" top. It is a chart pattern to avoid. It usually comes out of a basing pattern (October 2010 to September 2011), and then over-extends on a surge in volume.

Notice the volume spike of last night. These blow-off tops often reverse in the tenth or eleventh day of trading after a breakout. Look for the price to retrace 33% or 50% of the gain before heading higher.

At the open in New York, silver was trading down $2.57 to $45.37 a troy ounce; gold was down $8.90 — or 0.6% — at $1,556.80.

Don't get me wrong; the silver and gold bull markets are far from over. There is a season for everything in this market, and if the stock pattern holds true, you will be able to buy silver at a nice discount over the next few weeks.

--
For Anything related with Stock market be Online at
http://www.niftyviews.com/
 
Get free updates on your mobile phone. Sms "Join TSR " and send to 09223492234
 
FOR TRIAL STOCK/NIFTY/OPTION CALLS
 
 
You received this message because you are subscribed to Google Group "STOCKRESEARCHER" group.
To post to this group, send an email to STOCKRESEARCHER@googlegroups.com
 
To unsubscribe email
Stockresearcher-unsubscribe@googlegroups.com
 
for more info visit
http://groups.google.com/group/STOCKRESEARCHER?hl=en-GB
.
This is Not a Spam Mail.
Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture."