Market Curiosity: Exploring Markets And Systems

February 9, 2011

Caution warranted if long silver or silver stocks

Filed under: Just Watching — Tags: , — Jeff Fitzmyers @ 3:18 pm

I have learned the costly way to respect divergence in the SLW:Silver ratio chart. Fact is, SLW is not keeping up with silver which has lead to declines in both in the past.

References
+ Long SLW and won’t trade out unless something significant arises -2%

Xiphos Trading on Twitter …Feel the need to point out the Guy Adami is bullish tonight on silver. Last time he was remotely bullish SI he top ticked SLW north of 41…$EXK http://chart.ly/ucnw74l Nearly all SI stocks have this same setup. Clearly looks like a h&s — bears are dug in… No idea how this will resolve, but do know it will be explosive as both camps are betting widly different. Physical SI market is undaunted… $SI_F http://chart.ly/guvai3c The SI/GC ratio continues to surge to 25 yr lows as SI takes no prisoners. Somebody is badly wrong… $SIL http://chart.ly/ehjt2br Here’s a 3mo intraday look top notch SI producers relative performance to silver. who’s leading?

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