Silver proxy SLV

You know, silver enthusiasts already don't like what I have to say a lot of the time.  This post may prompt the Silver Bugs Union Local 100 to revoke my permit for public precious metals commentary.

All I do is read the charts, and this chart says that if SLV loses its MA 200 and that neck line, the downside is going to be perhaps even worse than my current 'worst case', which is a hell of a lot lower than the actual 'initial' target, which for SLV, equates to around 28 and change.  So, in hitting the expected initial target, SLV had better then turn and burn into a rally to negate the neck line or Silver bugs - and likely the commodity and greater asset market spectrum are going to get hot under the collar this summer.

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