Market Curiosity: Exploring Markets And Systems

September 10, 2011

Silver, seasonality, SIFO, BASENS comparison, SLW

Filed under: Just Watching — Tags: , , , , — Jeff Fitzmyers @ 9:37 pm

General silver seasonality suggests a turning point mid September…

Yet the cycles don’t seem very bullish to me. Except 2001 which helped mark the current overall bull market.

No more LBMA backwardation. (Still $1.44 partial backwardation in comex silver.)

Daily silver chart
– Rather big down volume relative to up volume the past few days.
– Mid term RSI below longer term RSI.
+- Overall seems a bit neutral to me.

Opps, I meant to say if price drops, not dips, below the hammer. That would also be near the rising channel. I really don’t expect too much of a drop, if one even happens, since the open interest is so low. Maybe down to 37, the rising magenta mid term EMA.

SLW
– apologies for chart clutter — just wanted to highlight 2 targets.
– Seems like all the RSI’s are rolling over.

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